Banca Intesa SME Loan

Location:

Russia

Project number:

43451

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

24 Jul 2012

Status:

Cancelled

PSD disclosed:

03 Aug 2012

 

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a loan of RUB 1.8 billion to ZAO Banca Intesa, a medium-sized bank covering 25 Russian regions, owned and controlled by Intesa Sanpaolo Group (86.7%) and the EBRD (13.3%). The Project is designed to support a bank with broad access to the MSME sector through its regional network.

Transition Impact

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

  • The Project will provide resources to MSMEs in the Russian regions through Banca Intesa using its large regional network and historic MSME focus and expertise. The Project will allow Banca Intesa to further expand longer-term financing and develop the services offered to local MSMEs.
  • The project will support the bank with long-term funding in local currency and assist its funding diversification objective.

The Client

Banca Intesa, a medium-sized universal federal bank headquartered in Moscow, covering 25 regions in Russia. Banca Intesa is owned and controlled by Intesa Sanpaolo Group (ISP, Italy, 86.7 per cent) and the EBRD (13.3 per cent).

Banca Intesa ranks the 52nd in the country by assets (at end-March 2012), with total assets of US$ 2.8 billion and equity of US$ 480 million. The bank has Ba1/stable rating from Moody’s.

EBRD Finance

A five-year loan of RUB 1.8 billion. The loan will be provided in one tranche.

Project Cost

RUB 1.8 billon.

Environmental Impact

The project has been categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. Banca Intesa has reported well on environmental matters within the scope of the past operations with the Bank and confirmed compliance with the EBRD's Performance Requirements for FIs (PR2 and PR9). Banca Intesa will be required to continue ensuring compliance with PRs 2 and 9, adhere to the EBRD's E&S Exclusion and Referral Lists, implement relevant E&S Procedures from the e-Manual and continue submitting annual environmental and social reports to the EBRD.

Technical Cooperation

N/A

Company Contact

Mrs. Elena Chernyshova, Director of Financial Institutions and Wholesale Funding Department
E-mail: elena.chernyshova@bancaintesa.ru

Telephone: +7 495 411 7947
Fax: +7 495 411 8071

 

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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