YUGBANK SME CREDIT LINE

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35000

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 35000

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

21 Sep 2004

Disclosure date

02 Jun 2004

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

The proposed project consists of a senior loan of US$ 10 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs) in the Krasnodar region of southern Russia.

Transition Impact

The project is expected to have transition impact in two main areas:

It will secure demonstration effect by supporting a leading independent local bank that is committed to meeting high standards of transparency and corporate governance. EBRD’s co-operation with Yugbank is designed to demonstrate that a well-managed private bank can compete successfully in its market niche with state-owned and Moscow-based banks.
In supporting private sector SMEs by providing term funds it will raise the level of financial intermediation in the region and allow EBRD funds to reach SME sub-borrowers to finance their investment projects, for which long-term funding is currently not readily available.

The Client

Yugbank, headquartered in Krasnodar and one of the leading privately-owned banks in southern Russia, providing a full range of retail and corporate banking services.

EBRD Finance

SME loan for US$10 million.

Project Cost

US$ 10 million.

Environmental Impact

Yugbank will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Aleftina Manzharova, Vice President
Fax: +7 8612 55 67 77
Website: www.yugbank.ru

Transition impact

ETI Score:75

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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