Project description
and objectives:
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The proposed subordinated loan in the amount of USD 50 million is aimed to
support the capital base of the bank in order to underpin continued growth of
Promsvyazbank’s regional branch network and increase of the business
portfolio, mainly of the SME and retail segment of the market.
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Transition impact:
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The transition impact of the project is expected to be achieved in two main
areas:
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Subordinated loan will support implementation of Promsvyazbank’s business
plan, which envisages diversification of client base through increased
regional presence and more focus on SMEs and retail businesses.
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The project seeks to further support the institutional strengthening of
Promsvyazbank in line with high standards of business conduct and corporate
governance.
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The loan will also further contribute to improve the bank’s ability to secure
support from other long term finance providers and attract potential investors.
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The client:
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Promsvyazbank was established in 1995 as a specialised bank servicing the
needs of large companies in the communication sector, however, over time it
evolved into a universal bank offering the full range of services in over 20
Russian regions.
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EBRD finance:
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USD 50.0 million subordinated loan.
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Total project cost:
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USD 50.0 million.
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Environmental impact:
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Promsvyazbank will be required to continue to comply with EBRD’s Environmental
Procedures for Intermediated Finance through local banks, including ensuring
compliance with the applicable national environmental, health and safety
legislation, adherence with EBRD’s Environmental Exclusion List and submission
of annual environmental reports 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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Ms. Alexandra Volchenko, Head of Rating Support and Financial Institutions
International Business Department, Promsvyazbank
Fax: (7 095) 727 1021
E-mail: volchenko@psbank.ru
Web site: www.psbank.ru
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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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