Project description
and objectives:
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The proposed project envisages EBRD’s subscription of newly issued ordinary
and preferred shares of IMB. The project is aimed at strengthening IMB capital
to support the organic growth of the bank’s business.
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Transition impact:
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The project will provide IMB with capital and financial resources needed for
the implementation of the bank’s medium-term strategy, with a particular focus
on lending to private sector SMEs and retail clients. In supporting IMB to
expand its operations and develop its branch network, the EBRD promotes
competition among the top tier banks, and the state-owned banks in particular.
Higher level of competition in the Russian banking sector will promote its
development through the introduction of new products and increasing quality of
customer service.
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The client:
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IMB was founded in 1989 and has emerged as the one of the leading private
banks in Russia with reputable shareholders and excellent local reputation.
IMB has a ‘BB/Positive’ rating by Standard & Poor’s and ‘BBB+/Stable by Fitch.
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EBRD finance:
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tbc.
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Total project cost:
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tbc.
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Environmental impact:
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IMB is well familiar with the environmental requirements of the EBRD through
the existing operations and will continue to comply with those. IMB will be
required to apply the EBRD’s Environmental Procedures for Intermediated
Financing through Local Banks to its overall lending portfolio and to submit
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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Denis Plenkin
Head of Department, Financial Institutions Division
9,
Prechistenskaya Emb. Moscow, Russia
Tel: +7-095 258-6587
Fax:+7-095 258-7272
E-mail: DPlenkin@imbank.ru
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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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