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.
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.
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.
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.
US$ 114.5 million (€106.5 million)
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 funding from the European Commission is being used to accelerate RMB’s branch expansion programme/
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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