Bank Intesa

Location:

Russia

Project number:

6245

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

29 Aug 1995

Status:

Complete

PSD disclosed:

03 Mar 1999

Project Description

Small Business Credit Bank (KMB Bank) is a specialised institution devoted to lending to micro and small enterprises in Russia. It was first approved by the Board of Directors in 1999.

The project aims to:

  • Provide additional cpital to KMB Bank, a specialised micro and small lending institution;
  • provide finance to micro and small enterprises throughout the Russian Federation;
  • preserve and develop the human and financial capital of the Russia Small Business Fund.

Transition Impact

The project is expected to have a significant impact on the transition process. KMB is providing financial services to micro and small enterprises that would otherwise have little or no access to formal sector finance. KMB also supports the development of the Russian financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance.

The Client

KMB Bank is a specialised institution devoted to lending to micro and small enterprises. It was established on the basis of a re-organisation of the Russian Project Finance Bank. KMB is a joint-stock limited liability company, incorporated and operating in the Russian Federation.

EBRD Finance

Equity investment of US$ 6 million (EUR 5.2 million) in two tranches of US$ 3 million (EUR 2.6 million).

 

Capital increase: US$ 1.5 million (€1.4 million) equity investment.

Project Cost

US$ 114.5 million (€106.5 million)

Environmental Impact

KMB carries out its operations in accordance with the EBRD's Environmental Procedures for Micro and Small Loans. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

Technical cooperation funding from the European Commission is being used to accelerate RMB’s branch expansion programme/

Company Contact

KMB Bank
5/7 1st Neopalimovsky per.
119121, Moscow
Russia
Tel: +7 095 967 6707
Fax: +7 095 967 3062
Email: info@kmb.ru
Website: www.kmb.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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