Project description
and objectives:
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The proposed project envisages the establishment of a relationship with Bank
Kazansky, one of the leading private banks of the Republic of Tatarstan,
through extension of term financing for on-lending to SMEs. The project aims
at diversification of Bank Kazansky’s funding base which would help the bank
to strengthen its position as an SME-lending bank. The project will also be
associated with the transformation of Bank Kazansky into a transparent and
efficient financial institution.
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Transition impact:
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The project will promote financial intermediation in Russia by enhancing the
ability of a private bank to compete on the basis of its strong local brand
and quality of service, particularly reaching regional SME clients with longer
tenor lending and trade finance products. The SME loan will assist the bank in
its efforts to service smaller borrowers and further strengthen its market
position.
The longer term loan will improve maturities of Bank Kazansky’s funding base
and contribute to its diversification and stability. EBRD funds will also
reach sub-borrowers that are currently inadequately served due to the lack of
funding opportunities.
The project also seeks to set high standards of corporate governance for Bank
Kazansky by streamlining the shareholders structure and promoting high
governance and transparency standards. Adherence to these principles will
strengthen the bank’s profile in the local and international financial markets.
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The client:
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Bank Kazansky is a universal privately owned regional bank established in 1994
and headquartered in the city of Kazan, Republic of Tatarstan. It is the sixth
largest bank in Tatarstan and ranks among the country’s top 60 regional banks.
The bank is serving corporate customers, with a particular focus on SME
clients, and enjoys a strong retail customer base. Bank Kazansky is majority
owned by the management team and not part of any industrial group.
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EBRD finance:
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Term Loan of USD 10 million.
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Total project cost:
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USD 10 million.
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Environmental impact:
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Bank Kazansky 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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None.
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 Roman Kukovitskiy, Deputy Chairman of the Board
Yamasheva Str 61,
Kazan 420126,
Republic of Tatarstan,
Russian
Federation
E-mail: Romak@bik.ru
Tel: +7 (843) 517 4392 / 4371
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EBRD contact:
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Zulfira Akhmedova, Operation Leader: akhmedoz@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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