Metallurgical Commercial Bank - RSECF Energy Efficiency Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43021

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project ID 43021

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

08 Nov 2011

Disclosure date

07 Oct 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 EBRD is considering providing loans of RUB 350 million (RSBF MSE loan) and RUB 400 million (Energy Efficiency loan) to Metcombank, a private medium-sized regional bank headquartered in Northern Russia and with presence in other Russian regions. The Project is aimed at supporting the MSME sector in the regions of the bank’s operations. The RSBF MSE loan is due to be provided under RSBF Framework and would be supported by RUB 150 million from Investment Special Fund. The Energy Efficiency loan would be provided under Russian Sustainable Energy and Carbon Finance Facility (RSECF).

Transition Impact

The transition impact potential of the Project is expected in the following areas:

The Project will support the bank’s growth and allow it to increase financial intermediation to MSMEs in the regions where the bank is present. The project will help the bank to provide longer-term funding to local companies and demonstrate the benefits of energy conservation. The project will also support a bank committed to diversification.
The Project will be complemented by intensive technical assistance through on-site consultants under the RSBF and RSECF. This technical assistance will facilitate skills transfer, which will improve the bank’s MSE lending capabilities as well as build its expertise in energy efficiency projects.

The Client

Metcombank is a midsize regional bank with a presence in 12 Russian cities in the European part of Russia. A member of the Severstal Group. the bank embarked on an expansion and diversification strategy to become an efficient universal bank providing services to MSMEs and individuals across the number of regions.

Metcombank has B3/positive rating from Moody’s.

EBRD Finance

A four-year Energy Efficiency loan of RUB 400 million provided in two equal trenches. The second tranche is uncommitted.

Project Cost

RUB 750 million.

Environmental Impact

Metcombank will be required to: - Comply with EBRD's PR2 and PR9; - Implement EBRD's Environmental and Social Procedures for Corporate Loans, Procedures for Small and Micro loans and the Environmental and Social Procedures for Trade Finance. - Provide to EBRD annual reports on environmental and social matters and the implementation of PR2 and PR9.

Technical Cooperation

RSBF MSE loan will be supported by intensive technical assistance under the RSBF framework through on-site consultants funded by Russia Small Business Technical Cooperation Special Fund. Energy Efficiency loan will be supported by the TC funding available under RSECF and provided by GFA Consulting Group Gmbh/MVV decon Gmbh, funded by EBRD Shareholders Special Fund and German Government.

Company Contact

Youry Nikishev
Deputy CEO
E-mail: Y.Nikishev@metcombank-moscow.ru
Tel: (495) 783-44-30
Fax: (499)159-11-74

Transition impact

ETI Score:100

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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