Center-Invest Bank Capital Increase II

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 37347

Status Disbursing

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 37347

Status Disbursing

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

19 Sep 2006

Disclosure date

04 Aug 2006

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 envisages EBRD’s subscription to newly issued ordinary shares of Center Invest Bank. The project is aimed at strengthening the bank’s capital to support the organic growth of the bank’s business.

Transition Impact

The project will provide Center Invest Bank with capital and financial resources needed for implementation of the bank’s medium-term strategy with a particular focus on regional expansion and lending to private sector SMEs and retail clients. In supporting Center Invest Bank EBRD promotes real sector lending, development of regional banks, improved corporate governance, and competition in the banking sector.

The Client

Center Invest Bank is a leading regional universal commercial bank based in Rostov-on-Don catering to small and medium-sized businesses and individuals through a wide branch network in the South of Russia.

EBRD Finance

USD16.1 million

Project Cost

USD 50 million

Environmental Impact

Center Invest Bank is well familiar with the environmental requirements of EBRD through existing operations and will continue to comply with those. The bank is required to apply EBRD’s Environmental Procedures for Local Banks to its entire lending portfolio and to submit annual environmental reports to the Bank.

Technical Cooperation

Center Invest Bank is working with ING Bank as consultants within the framework of Russian Regional Bank Credit Strengthening and Institutional Building Program funded through EU IPF Program.

Company Contact

Mr. Grigory Chorayan, Member of the Management Board

Bank Center-Invest
62, prospect Sokolova,
Rostov-on-Don, Russia, 344010;

Tel. + 7 8632 675 833
Fax +7 8632 640 640

Transition impact

ETI Score:100

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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