Project Description
Proposed term loan and equity-linked option for Russian Standard Bank, the first Russian commercial bank specialising in consumer financing.
The EBRD proposes to provide term financing to RSB to facilitate development of its consumer loans portfolio. The loan will diversify RSB’s funding and leverage its strong capital base.
Equity financing will strengthen RSB’s capital base in the future and support further development, including regional expansion, of RSB’s assets and consumer financing operations.
Transition Impact
The project will have a significant transitional impact as it will support development of the (1) transparent privately-owned commercial bank with dynamic and innovative management, (2) young and fast growing business with intelligent strategy supported by the international expertise and (3) competition and proper operational practices in the consumer financing market segment, which is new to Russia.
The Client
Russian Standard Bank (RSB) – privately owned and the first Russian commercial bank with a strategic focus on consumer financing. Headquartered in Moscow.
EBRD Finance
US$ 10 million (€10.5 million) term loan for financing development of RSB’s consumer loans portfolio. Equity option to purchase up to 10.44 per cent of RSB’s capital. Equity financing will finance further development of RSB’s consumer financing operation.
Project Cost
Total project costs are up to US$ 20 million (€21 million).
Environmental Impact
The environmental impact from the project will be low as the borrower is committed to comply with the financing restrictions stated on EBRD’s Environmental Exclusion List for Financial Institutions as well as with EBRD’s Environmental procedures for Intermediate Financing through Local Banks.
Technical Cooperation
None.
Company Contact
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
