Translated version of this PSD: Russian
The EBRD is considering providing an SME loan of RUB 700 million to Asian Pacific Bank, a private medium-sized bank with a diversified presence in the frontier regions of Russia’s Far East and Siberia. The project is aimed at enhancing availability of longer-term local currency financing to the small and medium-sized enterprises sector in Russia’s Far East and Siberia. The proposed project will also support the Asian Pacific Bank by strengthening its balance sheet and contributing to funding diversification.
The transition impact potential of the project is expected in the following areas:
Support regional strategy and local SMEs: the project will support the bank’s growth and allow it to increase its market share in the regions of its presence, namely inFar East and Siberia.
The project will help the bank to provide longer-term funding and increase product offering to local SMEs and thus will help to improve their access to finance and financial products. The longer-term funding will also strengthen the bank’s balance sheet and help it to attract funding from commercial sources.
Asian Pacific Bank is a midsize private bank, with a diversified presence in the frontier regions of Russia’s Far East and Siberia. In 2010 the bank merged with two smaller banks, Kolyma Bank in Madagan and Chukotka regions, and KamchatpromBank, in Kamchatka region. The network has over 230 branches in 100 cities and towns in the Far East and Siberia. The bank ranks number 67 by total assets.
A five-year loan of RUB 700 million. The loan will be provided in two tranches: the first tranche of RUB 300 million will be committed and the second tranche of RUB 400 million will be uncommitted.
RUB 700 million.
The project has been categorised FI in accordance with the Bank’s 2008 Environmental and Social Policy. Asian Pacific Bank will be required to comply with the EBRD's performance requirements 2 and 9. Energy efficiency sub-projects financed by the Asian Pacific Bank will need to comply with the performance requirements 9 and the EBRD's eligibility criteria for energy efficiency loans. The Asian Pacific Bank will be required to submit annual environmental and social reports to the Bank.
Ms. Alina G. Volkova
Head of International Relations “Asian–Pacific Bank” (OJSC)
Ms. Varvara P. Lisovenko
Relationship manager, International Relations Division
“Asian–Pacific Bank” (OJSC)
Telephone: +7 495 988 3061 ext. 1101/1078
Fax: +7 495 988 3061
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Tel: +44 20 7338 7168
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