Project description
and objectives:
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The proposed project envisages a first-time international syndicated loan to
Center Invest Bank in the total amount of USD30 million (USD10 million in
A-Loan for EBRD and USD20 million B-Loan syndicated to commercial banks).
The loan will be used for on-lending to small and medium-sized enterprises and
individuals in the South of Russia – the Center Invest’s principal client base
– and will support the bank’s growth strategy through improved access to
international capital markets and longer-term funding.
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Transition impact:
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Through A/B-Loan structure EBRD will facilitate Center Invest’s first-time
introduction to the international syndicated loan market and promote wider
access to different type of investors in the future.
The Client will benefit from diversification and stability of funding as well
as from lengthening of maturities. This will increase the bank’s capacity to
grow lending to small and medium-sized companies and retail customers and
further strengthen its balance sheet.
The Project will overall enhance Center Invest’s competitiveness against large
state-owned and private banks in the region of its operation and promote
greater access to financial services by businesses and individuals in the
South of Russia.
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The client:
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Center Invest Bank is a leading regional universal commercial bank based in
Rostov-on-Don catering to small and medium-sized businesses and individuals
through a wide branch network in the South of Russia.
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EBRD finance:
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USD 45,000,000, with A-loan of USD 15,000,000, and B-loan of USD 30,000,000.
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Total project cost:
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USD30 million (EUR24 million).
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Environmental impact:
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Center Invest will be required to apply EBRD’s Environmental Procedures for
Local Banks to all commercial lending activities including sub-loans financed
out of the proceeds of the syndicated loan, and to submit annual environmental
reports to the Bank.
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Technical
cooperation:
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Center Invest is working with ING Bank as consultants within the framework of
Russian Regional Bank Credit Strengthening and Institutional Building Program
funded through EU IPF Program.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement of consultants.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ms. Grigory Chorayan, Member of the Management Board
Bank Center-Invest
62,
prospect Sokolova,
Rostov-on-Don, Russia, 344010;
Tel. + 7 8632 675 833
Fax +7 8632 640 640
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EBRD contact:
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Yelena Tonna, Operation Leader: tonnay@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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