Project description
and objectives:
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The proposed project is aimed at supporting the development of medium-sized Russian banks. The project will target rapidly developing medium-sized banks that require debt and equity funding to continue expanding their operations.
By supporting medium-sized banks, the Framework will contribute to the consolidation process of the Russian banking system.
Under the proposed project the Bank will extend a range of debt products as well as equity investments to selected partner banks that have demonstrated dynamic growth in the past, have strong managerial resources and viable strategies for future growth.
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Sub-projects:
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- Credit Bank of Moscow SME Credit Line
- Transcapitalbank Capital Increase
- CIB subordinated loan
- Credit Bank of Moscow Syndicated Loan
- Sovcombank SME loan
- Rosevrobank - SME Loan
- Locko Bank SME Credit Line II
- Center-Invest Bank Agribusiness loan
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Transition impact:
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The proposed transaction is intended to support the rapidly developing medium-sized Russian banks and by doing so to give additional impetus to the process of consolidation of the Russian banking system.
The key transition impact areas will be: accelerating the banking system consolidation; improving financial intermediation, particularly in the regions; and institution building (transferring of know-how via technical assistance).
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The client:
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The project is aimed at the medium-sized Russian banks. Each partner bank will be assessed individually in accordance with specific criteria, which among other things include: substantial regional presence and the intention to significantly enlarge the regional presence in a near future; high degree of independence from a particular stakeholder or a group of stakeholders; strong managerial resources and viable and ambitious strategies for future growth.
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EBRD finance:
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EUR 350 million. Equity and debt funding will be available under the Framework.
The debt facilities will be utilised by the partner banks for on-lending to local borrowers. The equity funding proceeds will be invested in improving and/or expanding the partner banks’ infrastructure. Is anticipated that the Framework funds will be fully drawn within 2008-009
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Total project cost:
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EUR 350 million.
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Environmental impact:
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Partner banks will need to implement the EBRD’s Environmental Procedures for Local Banks to all commercial lending activities and to submit annual environmental reports to the Bank.
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Technical
cooperation:
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Partner banks approved under the Framework will be supported where necessary with technical assistance funds committed under the Regional Bank Institution Building Program. The consultants hired for the project under the technical assistance programme will provide training and suggest (and where possible implement) improvements of internal processes and procedures in accordance with a particular partner bank’s identified areas for improvement.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Alexander Saveliev
EBRD
Tel: +44 20 7338 6672
Fax: +44 20 7338 6119
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EBRD contact:
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Alexander Saveliev, Operation Leader: saveliea@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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