Russian Standard Bank - Senior loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 42161

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Project timeline

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

Project ID 42161

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

12 Jul 2011

Disclosure date

13 Jul 2011

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."

Translated version of this PSD: Russian

Project Description

The Project, when approved by the EBRD’s Board of Directors, will consist of a senior loan of RUB 4 billion to Russian Standard Bank. The Project is aimed at supporting the expansion of RSB’s consumer lending activities in the regions of Russia.

Transition Impact

The Project is expected to have the following transition impacts:

Support to one of the recognised providers of consumer finance well established on the market and, through this funding, increase competition in the sector;
Setting standards for corporate governance and business conduct;
Aid of the development of the retail market segment, which is increasingly sophisticated and strategically important for the Russian market
Support to responsible retail consumption by individual households of products which satisfy basic needs and bring a better quality of life, particularly in the regions through wider access to financing

The Client

Russian Standard Bank is one of the leaders in consumer lending; it is the market leader in credit cards and within the top 4 in terms of points-of-sale loans in Russia. It has one of the widest and diversified distribution channels in the country.

EBRD Finance

The Project will consist of a three-year senior loan of RUB 4 billion.

Project Cost

RUB 4 billion.

Environmental Impact

Categorised FI. This is a consumer finance operation that will have minimal or no adverse environmental or social risks, therefore limited specific environmental requirements will apply.

The bank will be required to improve its human resource policies, procedures and grievance mechanism in line with EBRD's PR2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the EBRD.

Technical Cooperation

none.

Company Contact

Nina Filiminova, Vice President, Head of Financial Institutions
Tel: +7 495 797 8405
E-mail: nFilimonova@bank.rs.ru

Transition impact

ETI Score:60

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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