Project description
and objectives:
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Equity investment in Primsotsbank by subscribing to newly issued ordinary
shares representing up to 12.5% of the bank’s total capital.
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Transition impact:
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This investment will support a Russian bank based in the Far East with good
regional coverage and potential to develop further its distribution network
and provide high quality services to SMEs and retail customers.
The investment is also designed to support the corporate governance and
institutional improvements that are already under way in Primsotsbank.
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The client:
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Primsotsbank, a privately owned Russian bank established in 1993 and located
in the Far East with a good regional network and a strategic focus on SME and
retail lending.
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EBRD finance:
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To be confirmed.
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Total project cost:
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To be confirmed.
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Environmental impact:
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Primsotsbank will be required to adopt the EBRD’s Environmental Procedures for
Intermediated Financing through Local Banks and to apply these procedures to
the whole range of its commercial lending operations. This includes adherence
to the FI Environmental Exclusion and Referral List, compliance with the
applicable national environmental, health and safety and labour legislation,
appointment of a member of senior management with overall responsibility for
the implementation of environmental procedures, and submission of annual
environmental reports to EBRD.
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Technical
cooperation:
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TC, estimated at EUR 250,000, may be provided at a later stage within the
Regional Institution Building Framework.
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. Olga Ivaschuk
Head of International Banking Department
e-mail:
olga@pskb.com
Telephone: +7 4232 –300299
Fax: +7 4232 – 422076
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EBRD contact:
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Viktor Marchenko, Operation Leader: marchenv@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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