Project description
and objectives:
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The proposed project envisages EBRD’s subscription to newly issued ordinary
shares of Center Invest Bank. The project is aimed at strengthening the bank’s
capital to support the organic growth of the bank’s business.
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Transition impact:
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The project will provide Center Invest Bank with capital and financial
resources needed for implementation of the bank’s medium-term strategy with a
particular focus on regional expansion and lending to private sector SMEs and
retail clients. In supporting Center Invest Bank EBRD promotes real sector
lending, development of regional banks, improved corporate governance, and
competition in the banking sector.
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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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USD16.1 million
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Total project cost:
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USD 50 million
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Environmental impact:
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Center Invest Bank is well familiar with the environmental requirements of
EBRD through existing operations and will continue to comply with those. The
bank is required to apply EBRD’s Environmental Procedures for Local Banks to
its entire lending portfolio and to submit annual environmental reports to the
Bank.
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Technical
cooperation:
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Center Invest Bank 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.
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Company contact:
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Mr. 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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