Project description
and objectives:
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The proposed project envisages extension of term financing to Ural-Siberian
Bank (Uralsib) to build upon the achieved results in lending to private sector
small and medium sized enterprises (SME) operating in the Russian Federation.
In addition, the project envisages extension of the trade-finance facility and
warehouse receipt programme facility to support Uralsib’s respective
activities.
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Transition impact:
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The project will promote financial intermediation and development of the real
sector economy. Strengthening private sector banks and increasing competition
in lending to private SMEs will facilitate provision of better quality banking
services and contribute to satisfy the strong demand in this sector. Uralsib's
commercial success in this area as well as in trade-finance and agricultural
commodities financing may prompt other players to actively engage in product
innovation and streamlining of operations which will lead to a greater
sector-wide efficiency.
The project will also promote the adoption of high standards for corporate
governance and business conduct.
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The client:
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Uralsib is a strong nation-wide player headquartered in Ufa, Republic of
Bashkortostan and provides a wide range of banking services to legal entities
and individuals across the Russian Federation. Uralsib operates through more
than 330 offices in 70 cities across Russia.
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EBRD finance:
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EBRD finance:
a) Term Loan US$ 30 million (€ 23 million);
b) TFP exposure US$D 10 million (€ 8 million);
Non-EBRD finance:
c) Russia Small Business Fund – Term loan US$ 10 million (€ 8 million);
d) Warehouse Receipt Programme – US$ 5 million (€ 4 million)
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Total project cost:
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US$ 55 million (€ 43 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
E-mail: a.dementiev@uralsibbank.ru
Tel: +7 095 725 40 96
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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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