Project description
and objectives:
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Small Business Credit Bank (KMB Bank) is a specialised institution devoted to lending to micro and small enterprises in Russia. It was first approved by the Board of Directors in 1999.
The project aims to:
- Provide additional cpital to KMB Bank, a specialised micro and small lending institution;
- provide finance to micro and small enterprises throughout the Russian Federation;
- preserve and develop the human and financial capital of the Russia Small Business Fund.
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Transition impact:
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The project is expected to have a significant impact on the transition process. KMB is providing financial services to micro and small enterprises that would otherwise have little or no access to formal sector finance. KMB also supports the development of the Russian financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.
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The client:
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KMB Bank is a specialised institution devoted to lending to micro and small enterprises. It was established on the basis of a re-organisation of the Russian Project Finance Bank. KMB is a joint-stock limited liability company, incorporated and operating in the Russian Federation.
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EBRD finance:
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Equity investment of US$ 6 million (EUR 5.2 million) in two tranches of US$ 3 million (EUR 2.6 million).
Capital increase: US$ 1.5 million (€1.4 million) equity investment.
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Total project cost:
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US$ 114.5 million (€106.5 million)
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Environmental impact:
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KMB carries out its operations in accordance with the EBRD's Environmental Procedures for Micro and Small Loans. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.
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Technical
cooperation:
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Technical cooperation funding from the European Commission is being used to accelerate RMB’s branch expansion programme/
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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KMB Bank
5/7 1st Neopalimovsky per.
119121, Moscow
Russia
Tel: +7 095 967 6707
Fax: +7 095 967 3062
Email: info@kmb.ru
Website: www.kmb.ru
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EBRD contact:
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Tony Myron, Operation Leader: myront@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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