Project description
and objectives:
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The proposed project envisages extension of term financing to Impexbank
(Impex) to assist the bank in diversifying its business by expanding lending
to private sector small and medium sized enterprises (SME) operating in the
Russian Federation.
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Transition impact:
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The project will promote the extension of financial intermediation in Russia
by using Impex’s broad regional network to reach Russian regional SME clients
with longer tenor funding and trade finance products.
The project is also expected to foster competition in the banking sector by
giving borrowers in different regions across Russia greater choice in
accessing banking products which best fit their needs.
The project seeks also to set high standards of corporate governance and
financial discipline for Impex by introducing a number of performance
benchmarks for transparency and business conduct. Adherence to these
principles will contribute to strengthen Impex’s profile in the local and
international financial markets.
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The client:
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Impex is a private universal bank among top 30 Russian banks in terms of asset
size, majority owned by Mr. Boris Ivanishvili. Impex is headquartered in
Moscow and carries out its activities through 30 offices in Moscow and 45 full
service regional branches located in 44 regions of the Russian Federation.
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EBRD finance:
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Term Loan of USD 20 million (EUR 17 million).
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Total project cost:
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USD 20 million (EUR 17 million).
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Environmental impact:
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Impexbank will comply with EBRD’s Environmental Procedures for Intermediated
Financing through Local Banks for each respective project components.
Impexbank will also need to submit an annual environmental report to the Bank.
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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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Alexey Korovin, Deputy Chairman of the Management Board
Tel: +7 095 258 3220
Fax: +7 095 248 1370
E-mail: international@impexbank.ru
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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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