Project description
and objectives:
|
The proposed project is an equity participation in the capital of
Transcapitalbank (TCB). It is envisaged that EBRD will acquire 25%+1 of the
capital of TCB. The Bank will subscribe to newly issued shares in the context
of a capital increase.
|
Transition impact:
|
The main rationale for the Bank’s involvement in this Project is to provide
support to a strong medium-sized bank with good potential to develop further
its regional outreach and provide high quality services to SMEs and retail
customers.
The investment will underpin dynamic balance sheet growth and enable TCB to
continue the expansion and diversification of its business, particularly in
the regions. The Bank will seek to support TCB in strengthening its
institutional capacity and enhancing corporate governance.
|
The client:
|
TCB was established in 1992 as a universal bank and is currently owned by
senior management and a number of medium-sized private companies and private
individuals. TCB has been headquartered in Moscow from the beginning of its
operations, but it has always had a strong regional presence, with around 50%
of loan portfolio placed outside Moscow.
|
EBRD finance:
|
Acquisition of 25% +1 share of TCB’s capital by subscribing to newly issued
shares.
|
Total project cost:
|
TCB will be required to comply with EBRD’s Environmental Procedures for
Intermediated Finance through local banks across all of its lending
operations, including ensuring compliance with the applicable national
environmental, health and safety and labour legislation, adherence with EBRD’s
Environmental Exclusion and Referral List, appointment of a member of senior
management with overall responsibility for the implementation of environmental
procedures and submission of annual environmental reports to the Bank.
|
Environmental impact:
|
TCB will be required to comply with EBRD’s Environmental Procedures for
Intermediated Finance through local banks across all of its lending
operations, including ensuring compliance with the applicable national
environmental, health and safety and labour legislation, adherence with EBRD’s
Environmental Exclusion and Referral List, appointment of a member of senior
management with overall responsibility for the implementation of environmental
procedures and submission of annual environmental reports to the Bank.
|
Technical
cooperation:
|
EBRD’s investment is supported by an existing TC project in the amount of EUR
300,000 financed by EU Commission under the Russian Regional Banks Institution
Building Programme.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Mrs. Olga Gryadovaya, Chairperson
Fax: (7 495) 797 3201
E-mail: info@transcapital.com
Web
site: www.transcapital.com
|
EBRD contact:
|
Tamara Kakuchaya, Operation Leader: kakuchat@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
|
