Project description
and objectives:
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The project envisages that the EBRD will acquire a shareholding stake in
Orgresbank of up to 15% through the acquisition of the newly issued shares of
Orgresbank in the third quarter of 2006. The EBRD’s equity investment will
help Orgresbank to implement its development strategy which includes regional
expansion and the development of small and medium enterprise lending.
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Transition impact:
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The proposed transaction will provide equity capital to Orgresbank for the
expansion of its regional network and development of small- and
medium-enterprise lending. The transaction will therefore promote the
availability of financial services to small- and medium-enterprises in Moscow
and in the regions where Orgresbank operates and will operate in the near
future. The EBRD will also seek to support Orgresbank in strengthening its
institutional capacity and enhancing its corporate governance.
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The client:
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Orgresbank is a Moscow-based Russian bank with headquarters and several
branches in Moscow and branches in Penza, St. Petersburg, Samara and Saratov.
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EBRD finance:
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Equity investment. The EBRD will subscribe to Orgresbank’s newly issued shares.
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Total project cost:
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Up to USD 30 million.
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Environmental impact:
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Orgresbank will be required to apply EBRD’s Environmental Procedures for Local
Banks to all commercial lending activities including sub-loans financed
through the SME Credit Line, 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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Mr. Vadim Serebrennikov
Vice-President, Head of Foreign Financial
Institutions & International Capital Markets
JSB Orgresbank
Moscow,
125040, 3 Ulitsa Yamskogo Polya 19
Tel. +7 495 777 34 77
Fax +7 495 777 34 77 (ext 3303)
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EBRD contact:
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Alexander Saveliev, Operation Leader: saveliea@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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