Project Description
The equity investment is aimed to support SKB’s business plan, in particular expansion of its operations with private sector small and medium sized enterprises (SMEs) and retail customers in the Urals and other regions of Russia.
Proposed capital increase planned in 2011 will enable the bank to continue pursuit of its long-term strategy of business expansion in the post-crisis period in its core retail and SME business sectors.
Transition Impact
The project will enhance the ability of a strong leading regional bank to compete, improving financial intermediation in Urals region, by using the branch network of SKB to reach SME and retail customers.
The Client
SKB is one of the leading regional banks in the Urals Federal District, offering a wide range of banking services to medium-size and small companies as well as individuals through a network of 153 outlets in 35 regions across six federal districts of Russia.
EBRD Finance
Subscription to SKB’s newly issued shares and SME Term.
Update: subscription to additional new shares
Project Cost
EUR 36.8 million
Update: up to RUB 250.1 million (EUR 6.1 million)
Environmental Impact
SKB has implemented EBRD’s Environmental and Social (E&S) Policy requirements in its internal procedures and applies these to the whole range of its commercial lending operations. This includes adherence to the EBRD’s E&S Exclusion and Referral List, compliance with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental and social procedures, and submission of annual environmental reports to EBRD.
Technical Cooperation
TC has been provided in 2008 within the Regional Institution Building Framework to enhance SKB’s credit and risk management procedures.
Company Contact
Mr. Mikhail Khodorovsky, Chairman of the Board of Directors
e-mail: skb@skbbank.ru
telephone: +7 343 355-75-01
fax: +7 343 261-60-10
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
