Rosbank SME Line (SocGen)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 40552

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 40552

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

29 Jul 2009

Disclosure date

03 Aug 2010

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 has signed investments worth a total of EUR 215 million with Société Générale subsidiaries across four eastern European countries, as part of a package approved in July 2009 of EUR 400 million. The aim is to provide medium and long-term debt financing through Société Générale subsidiaries in support of SMEs and corporates for investment and working capital needs as well as for efficiency projects.

The EBRD investments are part of the joint pledge by the EBRD, the World Bank Group and the European Investment Bank (EIB) to provide over EUR 24 billion in support of the banking sectors in the region and to fund lending to businesses hit by the global crisis.

Transition Impact

The credit lines will contribute to the transition process by maintaining an essential flow of lending to enterprises at a time when the availability of credit, particularly to SMEs, has been constrained.

The Energy Efficiency credit line will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending.

The Client

Four Société Générale subsidiaries in four countries of EBRD’s region.

Societe Generale has been named “Best Bank” in Central and Eastern Europe in the prestigious Euromoney Awards for Excellence, which recognize banks’ leadership, innovation and momentum.

Societe Generale has a strong and long-standing commitment to the region with a presence in 18 countries in Central and Eastern Europe, with 46,000 employees serving more than 11 million clients. The Group’s affiliates have leading positions in a number of countries and markets with a high potential, including the Czech Republic (Komercni Banka, No. 3), Romania (BRD, No. 1 network in the country) and Russia, where Rosbank is the No. 1 privately-owned bank.

EBRD Finance

EUR 100 million
RUB 4,400 million

Project Cost

A total of EUR 215 million.

Environmental Impact

The Société Générale subsidiaries will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None, except for the energy efficiency credit lines where technical assistance is an integral part of the funding.

Company Contact

Jérôme CATTIN

Senior Corporate Relationship Manager

International Banking Network Division

Société Générale

E-mail: jerome.cattin@socgen.com

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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