Project description
and objectives:
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The proposed project envisages provision of term financing to Uralsib to build up its capacity for lending to private sector regional small and medium enterprises (SME) operating in the Russian Federation.
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Transition impact:
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The project will promote financial intermediation and development of the real sector of the economy. Increasing competition in lending to private SME, an important sector in the economy, will facilitate provision of better quality banking services and contribute to demand satisfaction. Uralsib's commercial success in this direction would trigger other players for product innovation and greater efficiency due to competitive pressure.
By setting standards for corporate governance and business conduct the project is believed to facilitate transformation of Uralsib into a transparent financial institution with sound banking principles.
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The client:
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Ural-Siberian Bank (Uralsib) - a private regional commercial bank headquartered in Ufa, Republic of Bashkortostan, providing a wide range of banking services to legal entities and individuals. Uralsib operates through more than 300 offices in 65 cities across Russia.
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EBRD finance:
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Term loan of US$ 15 million (€ 13 million)
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Total project cost:
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US$ 15 million (€ 13 million)
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Environmental impact:
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Uralsib will be required to comply with EBRD's Environmental Procedures for Intermediated Financing through Local Banks, including adherence to the Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety legislation, and submission of annual environmental reports to EBRD.
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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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Alexander Dementiev, Vice President
Email: a.dementiev@uralsibbank.ru
Tel.: +7 3472 51 95 45
Fax: +7 3472 51 95 45
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EBRD contact:
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Marina Petrov, Operation Leader: petrovm@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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