Locko Bank SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

20 Sep 2005



PSD disclosed:

27 Jul 2005

Project Description

The proposed project envisages providing a loan of USD 10 million to Locko Bank, a private medium-sized Moscow-based bank for on-lending to SMEs operating in Moscow, Moscow region and the main regional centres where the bank is planning to open branches. The project is aimed at supporting the SME sector in Moscow, St. Petersburg and other regions of Russia.

Transition Impact

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

  • The proposed project will support the institutional and financial strengthening of Locko Bank. It will allow the bank to extend the range of products offered to its SME clients and to compete in this market segment with state-owned and larger privately owned banks.
  • By supporting private sector SMEs through the provision of medium and long term funds, the Project will raise the level of financial intermediation in Moscow, Moscow region and other regions and allow EBRD funds to reach sub-borrowers requiring longer-term investment funding, which is currently not available to them.
  • The project will facilitate the development of Locko Bank’s regional network and expanding SME lending to the regions.

The Client

Locko Bank, a Moscow-based bank with 4 offices in Moscow and a branch in St. Petersburg.

EBRD Finance

A four-year senior loan of USD 10 million.

Project Cost

USD 10 million.

Environmental Impact

Locko Bank will be required to comply with EBRD’s Environmental Procedures for SME financing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to the Bank.

Technical Cooperation


Company Contact

Mr. Michael Pavlov, Director of Financial Institutions

Tel: +7 095 232 2801
Fax: +7 095 956 9396
E-mail: mpavlov@lockobank.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

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