Project description
and objectives:
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The proposed USD 10 million tranched senior credit line aims to support the efforts of the bank to develop SME lending further, with a particular focus on small entities. CBM is currently restructuring its SME lending department in order to boost this type of activities.
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Transition impact:
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This project will facilitate the development of CBM into regions with low banking penetration and support the development of SMEs, a segment which has more diificulties accessing long-term credit.t. The proposed project will also assist CBM to: a) diversify its funding base and lengthen its maturity; and b) support CBM in its efforts to diversify business profile in small business lending and reduce customer concentrations.
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The client:
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CBM is a dynamically developing mid-sized private bank with increasing SME and retail focus and a growing network in Central Federal District of Russia. It is headquartered in Moscow and has 52 outlets in Moscow region and 4 outlets in other regions of Central Federal District. By end-2009 the bank will open offices in all regions within Central Federal District. CBM ranked 60th by total assets and 56th by outlet network among Russian banks at end-2007.
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EBRD finance:
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EBRD will provide CBM with a USD 10 million SME Credit Line.
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Total project cost:
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USD 10 million.
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Environmental impact:
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CBM follows EBRD’s Environmental Procedures for Intermediated Finance through Local Banks in its lending activities as well as environmental standards required by its other IFI partners. CBM is also in full compliance with applicable national environmental, health and safety and labour requirements and adheres to the Environmental Exclusion and Referral List. CBM will submit Annual Environmental Reports to the Bank.
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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. Igor Kondratyev
Head, Financial Institutions
Tel. +7(495) 785-54-09
Fax +7(495) 795-02-74
Email: kondratyev@mkb.ru
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EBRD contact:
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Julia Otto, Operation Leader: ottoj@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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