Project description
and objectives:
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The proposed project envisages providing upper Tier II capital in the form of a subordinated loan. The operation will support the Company’s growth and enable the Company to pursue its strategy of business expansion in the Urals and enhance its competitive position in the retail and SME markets.
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Transition impact:
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- The project will enhance the ability of a strong regional bank to compete and promote competition in the Russian banking sector by extending access to capital beyond the state-owned banks and large Moscow-banks.
- By channelling additional capital into the banking system, the project will increase financial intermediation in the banking sector.
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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 62 outlets in the Urals region.
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EBRD finance:
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A ten-year subordinated loan of RUB 600 million (equivalent of EUR 17 million), to be included under the Subordinated Loan Framework for Russian Mid-sized Banks.
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Total project cost:
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RUB 600 million (equivalent of EUR 17 million).
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Environmental impact:
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SKB will be required to comply with 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. 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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