Project description
and objectives:
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The EBRD is proposing a US$ 30 million senior loan to Raiffeisenbank Austria (Moscow), which will lengthen the maturity of the bank’s liabilities and allow it to expand its lending operations. The project aims to finance anticipated loan growth to the real sectors of the economy in Russia.
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Transition impact:
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The facility will allow RBR to offer its strong local clients the availability of longer-term financing than is otherwise available in the market. This is expected to support growth in the real economy while helping the bank to avoid a mismatch of its assets and liabilities.
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The client:
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Raiffeisenbank Austria (RBR) was established in 1997 as a 100 per cent owned subsidiary of Raiffeisen Zentralbank Osterreich AG of Austria. RBR is a fully licensed commercial bank that offers a complete range of banking products for both domestic and cross-border operations in both roubles and foreign currencies.
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EBRD finance:
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US$ 30 million senior loan (€33.6 million).
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Total project cost:
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US$ 30 million (€33.6 million).
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Environmental impact:
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The project was screened a financial intermediary (FI). RBR will apply the EBRD’s Environmental Procedures for Intermediated Financing through Local Banks to its lending activities under the proposed senior loan facility.
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Technical
cooperation:
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None.
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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Zulfira Akhmedova, Operation Leader: akhmedoz@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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