Project description
and objectives:
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The proposed project envisages extension of term financing to Bank Kedr, one
of the leading private banks in Siberia, to support the bank’s expanding SME
lending programme in Siberia and other regions via its extensive regional
network of more than 40 outlets and branches.
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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,
quality of service and speed of decision-making in its market niche.
The EBRD funds will reach SME sub-borrowers that are currently inadequately
served due to the lack of funding opportunities. The longer term loan will
improve the maturity profile of Bank Kedr’s funding base and allow the bank to
serve the long term financing needs of SMEs in a sustainable way.
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The client:
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Bank Kedr is a regional Russian bank with headquarters in Krasnoyarsk. Bank
Kedr is a leading regional private commercial bank with a network of over 40
branches and offices covering the entire territory of the Krasnoyarsk region.
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EBRD finance:
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Term Loan of RUB 400 million (EUR 11.5 million).
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Total project cost:
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RUB 400 million (EUR 11.5 million).
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Environmental impact:
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Bank Kedr 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. Vitaly Shmakov, Deputy Chairman of the Management Board
Bank Kedr
Krasnoyarsk
660021, 33 Vokzalnaya str.
Tel. +7 3912 65 09 37
e-mail: Shmakov@kedr.kts.ru
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EBRD contact:
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Konstantin Soshnikov, Operation Leader: soshnikk@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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