Project description
and objectives:
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The proposed project envisages establishing a relationship with SKB Bank (SKB)
with equity and term financing.
The equity investment is aimed to support SKB’s business plan, in particular
the expansion of its operations with private sector small and medium sized
enterprises (SMEs) and retail customers operating in the Urals region. Term
financing will facilitate SKB’s SME lending activities with longer tenors than
generally available in the market.
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Transition impact:
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The project will enhance the ability of a strong leading regional bank to
compete, improving financial intermediation in Urals region, by using the
branch network of SKB to reach SME and retail customers with longer tenor
funding.
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EBRD plans to provide technical assistance under the Regional Institution
Building Program to SKB to enhance the bank’s lending practice and strengthen
risk management procedures both with respect to corporate and retail lending.
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The client:
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SKB is one of the leading regional financial institutions in the Urals region,
offering a wide range of banking services to medium-size and small companies
as well as individuals through a network of 50 outlets in the Urals region, a
branch in Moscow and Rostov region.
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EBRD finance:
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Subscription to SKB’s newly issued shares and SME Term.
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Total project cost:
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Up to USD 45 million (EUR 35 million).
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Environmental impact:
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SKB will be required to adopt the EBRD’s Environmental Procedures for
Intermediated Financing through Local Banks and to apply these procedures to
the whole range of its commercial lending operations. This includes adherence
to the FI Environmental Exclusion and Referral List, compliance with the
applicable national environmental, health and safety and labour legislation,
appointment of a member of senior management with overall responsibility for
the implementation of environmental procedures, and submission of annual
environmental reports to EBRD.
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Technical
cooperation:
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TC will be provided at a later stage (estimated at EUR 250,000) within the
Regional Institution Building Framework.
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. Mikhail Khodorovsky, Chairman of the Board of Directors
e-mail: skb@skbbank.ru
telephone: +7 343 355-75-01
fax: +7 343 261-60-10
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EBRD contact:
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Tamara Kakuchaya, Operation Leader: kakuchat@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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