Bank of St. Petersburg SME Loan

Location:

Russia

Project number:

36720

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

25 Jul 2006

Status:

Complete

PSD disclosed:

22 Jun 2006

Project Description

The proposed project envisages providing to Bank St. Petersburg a USD 30 million senior loan for on-lending to local small and medium enterprises (SME Loan) The project is designed to support Bank St. Petersburg’s SME lending program with longer tenors than currently available in the market.

Transition Impact

By supporting the development of Bank St. Petersburg’s SME lending activities the Project will raise the level of financial intermediation in St. Petersburg region and allow EBRD funds to reach sub-borrowers requiring longer-term funding and trade finance products.

The Client

Open Joint-Stock Company “Bank Saint Petersburg”, a privately owned bank among the top 40 banks in Russia, with a broad branch network in the city of Saint Petersburg and a strategic focus on SME lending and retail banking.

EBRD Finance

A four-year senior loan of USD 30 million.

Project Cost

USD 30 million.

Environmental Impact

Bank St. Petersburg will be required to comply with EBRD’s Environmental Procedures for Intermediated Financing through Local Banks and the Environmental Procedures for Small and Micro Loans. These procedures require adherence to the EBRD Environmental Exclusion and Referral List, compliance with applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to EBRD.

Technical Cooperation

None.

Company Contact

Konstantin Noskov

Tel: +7 812 332 7727
Fax: +7 812 329 5885

 

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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