Mid-Sized Corporate Support Facility

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 40201

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Sub-projects

Project timeline

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

Project ID 40201

Status Complete

Location

Regional

Business Sector

Manufacturing and Services

Notice Type

Private

Approval Date

24 Feb 2009

Disclosure date

23 Jan 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 financial crisis is increasingly affecting companies operating in the “real” or corporate sector in the Bank’s countries of operations. A shortage of liquidity within the local banking sector, coupled with a deteriorating business outlook is a damaging combination of conditions.

In order to respond to this situation, the Mid-Sized Corporate Support Facility (“the Facility”) is intended to provide the type of financing that, pre-crisis, had typically been provided by local commercial banks. This should enable existing clients of the Bank to alleviate funding constraints arising from a deteriorating financial and operating environment. By so doing, gains in transition that are underway, or which have already been achieved, can be protected.

One of the Facility’s objectives is to encourage commercial banks to keep their engagement with clients or resume financing. Because it will demonstrate EBRD’s support and confidence in its clients, the Facility could catalyse co-lending. The ultimate objective is for Facility loans to be refinanced by commercial banks as soon as normal conditions return to the credit markets.

Transition Impact

The transition impact of sub-projects under this facility comes from reinforcing transition achievements of earlier transactions with EBRD existing clients and assisting them in further implementation of pre-agreed transition objectives. The Bank financing would help clients to overcome difficulties and constraints brought by the financial crisis and worsening availability of external funding.

The Client

The Facility will be available to existing clients only, from the corporate sector in all countries of the EBRD operations. Clients are expected to be some 25 private companies, which are fundamentally sound, but negatively affected by the credit-crunch.

EBRD Finance

The Facility will provide up to EUR 250 million in total financing. The maximum amount per subproject is EUR 20 million, and the Facility is expected to cover some 25 individual transactions. The product offered under the Facility will be short term and medium term loans in foreign or local currency when possible. The loans will be tailored to specific needs:

(i) working capital

(ii) balance sheet consolidation

(iii) completion of existing investment programmes

(iv) small new investments limited to improvements of production facilities or energy efficiency. Where possible co-financing with local banks or other IFIs will be sought.

Project Cost

EUR 250 million.

Environmental Impact

Sub-projects under the Facility framework will be reviewed, categorised and appraised on a case-by-case basis taking into account the categorisation of the existing project with the borrower and any changes that may have occurred since the project was originally approved. Building on the environment, health and safety due diligence undertaken for the existing project, key areas according the EBRD Environmental and Social Policy (2008) will be reviewed and any additional mitigation measures designed and either integrated into existing action plans or agreed in new action plans. Borrowers will be required to provide the Bank with annual reporting on key environmental and social issues and on the implementation of the agreed action plans.

Technical Cooperation

It is envisaged that TC support could be provided to individual sub-projects under the facility for which such need will be identified. Various sources of TC will be tackled appropriately according to the geographic location and sector of the specific projects.

Company Contact

Concerning details regarding the Facility, please contact EBRD bankers:

Mark Webber, phone no: +44 207 338 6052
Philippe Belot, phone no: +44 207 338 7847
Zdenka Vicarova, phone no: +44 207 338 6491

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.

Our story

How we invest in changing lives

What we offer for businesses

Search