Avtobank - Credit Line/Equity Investment

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3022

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 3022

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

03 Dec 1996

Disclosure date

04 Nov 1996

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Equity investment and a credit facility for medium and long-term on-lending to Russian enterprises. The main objective is to assist the development and corporate growth of Avtobank through strengthening its capital base and to provide medium and long-term funds for on-lending to private industrial enterprises.

Transition Impact

Promotion of the development of an effective, market-oriented financial sector; potential enhancement of the equity market; provision of term finance for private sector investment activities.

The Client

Avtobank is a universal bank with operations centralised in its headquarters in Moscow and the Moscow region. The bank commenced its activities in December 1988 and was granted a full licence in June 1992. Its original industrial focus has been diversified to a broader sectoral spread of activities and ownership.

EBRD Finance

Equity investment of US$ 20 million.
Credit facility of US$ 30 million.

Project Cost

US$ 50 million (ECU 40.45 million).

Environmental Impact

This project has no direct impact on the environment and has been classified C/0 (it does not require an environmental analysis or an environmental audit). Avtobank will carry out its operations in accordance with the EBRD's "Environmental Procedures for Local Banks". In implementing these procedures, Avtobank will require its borrowers to comply with national /local health and safety, environmental and public consultation requirements. Avtobank will submit annual environmental reports to the EBRD.

Technical Cooperation

None.

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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