Project description
and objectives:
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The proposed project envisages providing to Bank St. Petersburg a USD 30
million senior loan for on-lending to local small and medium enterprises (SME
Loan) The project is designed to support Bank St. Petersburg’s SME lending
program with longer tenors than currently available in the market.
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Transition impact:
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By supporting the development of Bank St. Petersburg’s SME lending activities
the Project will raise the level of financial intermediation in St. Petersburg
region and allow EBRD funds to reach sub-borrowers requiring longer-term
funding and trade finance products.
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The client:
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Open Joint-Stock Company “Bank Saint Petersburg”, a privately owned bank among
the top 40 banks in Russia, with a broad branch network in the city of Saint
Petersburg and a strategic focus on SME lending and retail banking.
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EBRD finance:
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A four-year senior loan of USD 30 million.
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Total project cost:
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USD 30 million.
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Environmental impact:
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Bank St. Petersburg will be required to comply with EBRD’s Environmental
Procedures for Intermediated Financing through Local Banks and the
Environmental Procedures for Small and Micro Loans. These procedures require
adherence to the EBRD Environmental Exclusion and Referral List, compliance
with applicable national environmental, health and safety requirements and
submission of an Annual Environmental Report 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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Konstantin Noskov
Tel: +7 812 332 7727
Fax: +7 812 329 5885
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EBRD contact:
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Inna Yabbarova, Operation Leader: yabbaroi@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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