Project description
and objectives:
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Proposed extension of life of Russia Small Business Fund (RSBF) to 2010 and provision of additional funding. For details of the existing programme and participating banks, please refer to Micro and Small Loan Financing on the Finance for SMEs section of the web site.
By providing reliable access to finance to the growing number of MSEs across Russia, the RSBF gives direct support to private sector development. It will also have a strong demonstration effect, encouraging other Russian banks to enter this market segment.
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Sub-projects:
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- RSBF - KMB Bank (Small Business Credit Bank)
- SEAF - St Petersburg
- RSBF - Petrovsky Micro Credit Tranche 2
- RSBF - Kuzbassotsbank Micro Credit Tranche 4
- RSBF - NBD Small Loan Tranche 6
- RSBF - Petrovsky Bank Combined Small/Micro Loan
- RSBF - Kuzbassotsbank Combined Small/Micro Loan
- RSBF - Rossiyskyi Kredit Micro/Small Loan
- RSBF - Stolichny bank Combined Small/Micro Loan
- RSBF - Mosbusinessbank Combined Small/Micro
- RSBF - NBD Combined Small/Micro Loan
- RSBF - Toribank Combined Small/Micro Loan
- RSBF - ProBusiness Open Joint Stock Company
- RSBF - Sberbank Combined Small/Micro Loan
- RSBF - Rosestbank Combined Small/Micro Loan
- RSBF - Inkombank Combined Small/Micro Loan
- RSBF - NBD - Combined Micro/Small Loan
- RSBF - SBS-Agro Combined Micro/Small Loans
- RSBF - KMB Bank (Small Business Credit Bank)
- RSBF - Investment Bank of Kuban
- RSBF - Sberbank Combined Micro and Small Loans
- RSBF - KMB Bank (Small Business Credit Bank)
- RSBF - NBD Restructuring of RSBF's obligations
- RSBF - NBD Restructuring of RSBF's obligations
- RSBF - NBD Restructuring of RSBF obligations (equity)
- RSBF - Chelindbank
- RSBF - NBD Bank Combined Micro and Small Loans
- RSBF - KMB Bank (Small Business Credit Bank)
- RSBF - NBD Bank Combined Micro and Small Loans
- RSBF - Uraltransbank
- RSBF - Sibakadembank
- RSBF - NBD Bank Combined Micro and Small Loans
- SEAF - Nizhny Novgorod
- RSBF - SL - ICB St Petersburg
- RSBF - SL - Inkombank
- RSBF - SL - Rosest Bank
- RSBF - MC - Stolichny Bank of Savings
- RSBF - SL - NBD Bank Tranches 4 and 5
- RSBF - MC - Rosest bank
- RSBF - Far Eastern Bank
- RSBF - Rosestbank Combined Small/Micro Loan - Tranche II
- RSBF - NBD (restructuring of RSBF exposure)
- RSBF - Uralsib
- RSBF - Uraltransbank
- RSBF - NBD Bank Combined Micro and Small Loans
- RSBF - Chelindbank
- RSBF - URSA
- RSBF - URSA
- RSBF - FORUS
- RSBF - MDM Bank
- RSBF - NBD Loan Tranche IX
- RSBF - Transcapital Bank
- RSBF - Probusiness Bank
- RSBF - Absolut Bank
- RSBF - NBD Bank Senior Debt
- RSBF - Locko Bank
- RSBF - Orient Express Bank
- RSBF - Spurt Bank (Tatarstan)
- RSBF - Chelindbank
- RSBF - Center-Invest Bank
- RSBF - RosevroBank
- RSBF - UraltransBank
- RSBF - Spurt Bank (Tatarstan) II
- RSBF - SovComBank
- RSBF - MasterBank
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Transition impact:
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The seven years in which the RSBF has been operating has confirmed the ability of the EBRD to be a successful provider of MSE finance in Russia. The creation of a dynamic MSE sector is recognised as a vital task in the transition to a market-based democracy as the entrepreneurial sector is a catalyst for market reform. The increasing regional coverage of the RSBF is expected to bring tangible economic benefits to many of Russia’s regions.
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The client:
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The RSBF was established in 1994 as a ten-year fund, with a pledged contribution of US$ 150 million from the EBRD and the same amount from donor countries (the G-7 and Switzerland). The dual objectives of the RSBF are to: bring the scope of the formal finance system to micro and small enterprises (MSEs) to meet their financial needs; and to contribute to institutional building within the Russian financial sector. At present, the RSBF operates via five participating banks (PBs): Far Eastern Bank, Investment Bank of Kuban, KMB Bank, NBD and Sberbank in 70 towns and cities of Russia.
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EBRD finance:
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Up to US$150 million
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Total project cost:
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To be increased to up US$450 million
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Environmental impact:
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All PBs carry out their operations in accordance with the EBRD’s Environmental Procedures for Small and Micro Loans. In implementing these procedures, they require their 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 is provided by both RSBF contributors and EU Tacis. It is expected that technical assistance funding will continue to be available for the expansion of the project.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Nikolas Drude, Operation Leader: druden@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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