Asian Pacific Bank SME Senior Loan

Location:

Russia

Project number:

42011

Business sector:

Depository Credit (banks)

Notice type:

Private

Environmental category:

FI

Approval date:

29 Sep 2011

Status:

Completed

PSD disclosed:

22 Aug 2011

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a loan of RUB 1.2 billion to Asian Pacific Bank, a private medium-sized bank with a diversified presence in the frontier regions of Russia’s Far East and Eastern Siberia. The Project is aimed at supporting the SME sector in the regions of the bank’s operations. The proposed project will also support a bank with broad access to the real sector borrowers. The loan is provided under the Russian Multi-Product Framework for Medium-sized Banks.

Transition Impact

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

  • The Project will support the bank’s growth and allow it to increase its market share in the regions of its presence. The project will help the bank to provide longer-term funding and increase product offering to local SMEs thus improving 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.
  • The Project will be complimented by TC funding and will facilitate skills transfer, which will improve the bank’s SME lending capabilities. The TC funding will strengthen the bank’s capacity to assess and monitor the risks related to lending to SMEs, in line with best international practise and taking into account the Russian environment.

The Client

Asian Pacific Bank, a midsize private bank, with a diversified presence in the frontier regions of Russia’s Far East and Eastern Siberia. In 2010 the bank merged with two smaller banks, Kolyma Bank (in Madagan and Chukotka regions), and KamchatpromBank (Kamchatka region). The network has 177 branches in 77 cities in the Far East and Eastern Siberia. The bank ranks number 77 by total assets.

EBRD Finance

A five-year loan of RUB 1.2 billion. The loan will be provided in two equal tranches.

Project Cost

RUB 1.2 billion.

Environmental Impact

Asian Pacific Bank will be required to: - Comply with EBRD's PR2 and PR9; - Implement EBRD's Environmental and Social Procedures for Corporate Loans, Procedures for Small and Micro loans and the Environmental and Social Procedures for Trade Finance as outlined in the e-manual. - Provide to EBRD annual reports on environmental and social matters and the implementation of PR2 and PR9.

Technical Cooperation

The proposed Project will be supported by TC funding of up to EUR 190,000 under “Asian Pacific Bank (APB) - SME lending and credit risk management” project. The TC funding will be used to strengthen the bank’s SME lending procedures: harmonise the process of SME customer acquisition, separate SME lending from corporate lending and increase efficiency through staff training.

Company Contact

Mr. Alexander Golev, Director of International Business and Financial Institutions Department
e-mail: golev@atb.su

Telephone: +7 495 988 3061 ext. 1058
Fax: +7 495 988 3061 ext. 1027

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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