Credit Europe Bank - Syndicated loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 42758

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 42758

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

28 Jun 2011

Disclosure date

06 May 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 will consist of an EBRD A Loan and a syndicated B Loan for a combined amount of up to USD 100 million. The funds will be used to expand CEB’s loan portfolio, especially in the regions. The syndication is led in parallel with IFC.

The Project is aimed at supporting CEB’s regional expansion plans and its lending activities. In addition, EBRD’s participation in the Project will help CEB secure long-term and diversified funding.

Transition Impact

The Project is expected to have an impact by supporting post-crisis recovery of international syndication market and diversifying CEB’s funding base.

The project is the first attempt of CEB to tap into the syndication loan markets after the hit of the global financial crisis. The EBRD will continue to play a key role in mobilising international funds needed to support the sector and the real economy, as demonstrated in 2010 with the successful syndications led in the Russian financial sector.

The Project will also assist CEB in consolidating existing market share, particularly in the regions, in a highly competitive environment.

The Client

Part of the Turkish major conglomerate Fiba Group, CEB is a medium-sized Russian universal commercial bank, with a focus on lending in the retail, mid-sized corporate and SME segments. As of end-2010, Credit Europe Bank was ranked 45th in terms of total assets in Russia and had over 900 corporate banking customers, 10,000 SME customers and over 2.5 million private retail customers

EBRD Finance

The Project will consist of an A Loan of up to USD 50 million (EBRD portion) and a syndicated B Loan of not less than the A loan amount, which will be syndicated to commercial banks.

Project Cost

Up to USD 100 million.

Environmental Impact

Categorised FI. As an existing client, CEB will be required to continue to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9). The bank will be required to 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

Yigit Feke, Vice President, Head of Financial Institutions Department

Tel: +7 495 725 26 62
E-mail: Yigit.Feke@crediteurope.ru

Transition impact

ETI Score:35

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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