Banca Intesa SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43451

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project ID 43451

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

24 Jul 2012

Disclosure date

03 Aug 2012

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 a loan of RUB 1.8 billion to ZAO Banca Intesa, a medium-sized bank covering 25 Russian regions, owned and controlled by Intesa Sanpaolo Group (86.7%) and the EBRD (13.3%). The Project is designed to support a bank with broad access to the MSME sector through its regional network.

Transition Impact

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

The Project will provide resources to MSMEs in the Russian regions through Banca Intesa using its large regional network and historic MSME focus and expertise. The Project will allow Banca Intesa to further expand longer-term financing and develop the services offered to local MSMEs.
The project will support the bank with long-term funding in local currency and assist its funding diversification objective.

The Client

Banca Intesa, a medium-sized universal federal bank headquartered in Moscow, covering 25 regions in Russia. Banca Intesa is owned and controlled by Intesa Sanpaolo Group (ISP, Italy, 86.7 per cent) and the EBRD (13.3 per cent).

Banca Intesa ranks the 52nd in the country by assets (at end-March 2012), with total assets of US$ 2.8 billion and equity of US$ 480 million. The bank has Ba1/stable rating from Moody’s.

EBRD Finance

A five-year loan of RUB 1.8 billion. The loan will be provided in one tranche.

Project Cost

RUB 1.8 billon.

Environmental Impact

The project has been categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. Banca Intesa has reported well on environmental matters within the scope of the past operations with the Bank and confirmed compliance with the EBRD's Performance Requirements for FIs (PR2 and PR9). Banca Intesa will be required to continue ensuring compliance with PRs 2 and 9, adhere to the EBRD's E&S Exclusion and Referral Lists, implement relevant E&S Procedures from the e-Manual and continue submitting annual environmental and social reports to the EBRD.

Technical Cooperation

N/A

Company Contact

Mrs. Elena Chernyshova, Director of Financial Institutions and Wholesale Funding Department
E-mail: elena.chernyshova@bancaintesa.ru

Telephone: +7 495 411 7947
Fax: +7 495 411 8071

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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