Bank Intesa (f. KMB - Senior Loan)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 39916

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project ID 39916

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

07 Apr 2009

Disclosure date

26 Feb 2009

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 EBRD is considering provision of senior debt to KMB for on-lending to private micro and small enterprises in the Russian Federation.

The proposed debt funding will allow KMB to meet the continued demand from Russian micro, small and medium-sized enterprises (MSMEs) for financing. The sector has suffered considerable contraction as a result of the ongoing difficult market conditions and liquidity constraints in Russia.

Transition Impact

Transition impact of this project will be achieved through the provision of funding to MSMEs which continue to be underserved particularly in view of the financial crisis.

The Client

Small Business Credit Bank (“KMB Bank” or “KMB”) was set up by EBRD as a bank dedicated to working with micro, small and medium enterprises (“MSME”). It is now a leading bank for MSME-lending across many regions of Russia and has expanded its product range to offer retail and corporate products. Banca Intesa SanPaolo is the majority shareholder with 75% of shares. EBRD retains a minority share of 25%.

EBRD Finance

Up to USD 75 million of senior debt funding. A trade financing facility of up to USD 5 million to help KMB establish a factoring unit will be included in the finance.

Project Cost

Up to USD 75 million.

Environmental Impact

KMB will be required to comply with EBRD's Performance Requirements for Financial Institutions, and should continue to implement the EBRD's Environmental and Social Procedures for Small and Micro Loans with an Environmental Risk Categorisation List (as revised in 2008) to the MSME sub-loans. Eligibility criteria for sub-loans will need to be reviewed for compliance with the Performance Requirements for Financial Institutions. KMB will adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.

Technical Cooperation

Technical assistance will be provided to aid the set up process for the trade finance unit, covering both establishment of procedures and product design. The facility will support cash advances for funding of domestic factoring and export transactions and for guarantees of import factoring transactions.

Company Contact

Mr Sergey Pchelintsev
Bldg. B, 31 Shabolovka Street
115162 Moscow
Russia
T: 495 967 3060 ext 1645
EMail: sergey.pchelintsev@kmb.ru
Website: http://www.kmb.ru

Transition impact

ETI Score:60

PSD last updated

21 Jan 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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