Project description
and objectives:
|
MDM-bank (MDM) is planning to raise a senior A/B loan of USD 225 million, of
which USD 75 million (A loan) will be the EBRD portion and USD 150 million (B
loan) will be syndicated to commercial banks.
The project aims to support the bank in refocusing its business towards retail
banking and private sector Micro, Small and Medium Size Enterprises (MSME).
It will assist MDM in raising a syndicated loan of longer maturity than
achieved to date by the bank.
|
Transition impact:
|
-
The proposed project will promote financial intermediation in Russia by using
the broad regional network of MDM to reach Russian MSME and retail customers
with longer tenor funding.
-
The proposed project is expected to foster competition in the banking sector
by giving borrowers in different regions across Russia greater choice in
accessing banking products which best fit their needs.
-
EBRD’s involvement in the syndicated loan transaction will further enhance the
bank’s image with its potential lenders and facilitate MDM’s access to
longer-term commercial funding.
|
The client:
|
MDM is one of the leading Russian private banks, based in Moscow with an
extensive regional network throughout Russia. MDM operates as a fully-fledged
universal bank and provides a wide range of services to corporates and
individuals.
|
EBRD finance:
|
Term Loan of USD 75 million (EUR 58 million).
|
Total project cost:
|
USD 225 million (EUR 175 million).
|
Environmental impact:
|
MDM will be required to comply with EBRD’s Environmental Procedures for
Intermediated Financing through Local Banks, including adherence to the
Environmental Exclusion and Referral List, compliance with the applicable
national environmental, health and safety legislation, and submission of
annual environmental reports to EBRD.
|
Technical
cooperation:
|
None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Mr. Evan Boiko, Head of Investor Relations
Email:
Evan.Boiko@mdmbank.com
Tel: +7 495 221 3075
Fax: +7 495 221 3076
|
EBRD contact:
|
Dmitry Dmitriev, Operation Leader: dmitried@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
