Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

21 Sep 2004



PSD disclosed:

02 Jun 2004

Project Description

The proposed project consists of a senior loan of US$ 10 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs) in the Krasnodar region of southern Russia.

Transition Impact

The project is expected to have transition impact in two main areas:
  • It will secure demonstration effect by supporting a leading independent local bank that is committed to meeting high standards of transparency and corporate governance.  EBRD’s co-operation with Yugbank is designed to  demonstrate that a well-managed private bank can compete successfully in its market niche with state-owned and Moscow-based banks. 
  • In supporting private sector SMEs by providing term funds it will raise the level of financial intermediation in the region and allow EBRD funds to reach SME sub-borrowers to finance their investment projects, for which long-term funding is currently not readily available.

The Client

Yugbank, headquartered in Krasnodar and one of the leading privately-owned banks in southern Russia, providing a full range of retail and corporate banking services.

EBRD Finance

SME loan for US$10 million.

Project Cost

US$ 10 million.

Environmental Impact

Yugbank will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank.

Technical Cooperation


Company Contact

Aleftina Manzharova, Vice President
Fax: +7 8612 55 67 77
Website: www.yugbank.ru

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

Share this page: