Bank Saint-Petersburg Bi-Lateral Loan

Location:

Russia

Project number:

41289

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

10 Nov 2010

Status:

Complete

PSD disclosed:

08 Oct 2010

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a three year senior SME loan of up to US$ 65 million to Bank Saint Petersburg (BSP). The loan proceeds will be on-lent to eligible BSP sub-borrowers in Saint Petersburg and the region, the sub-loans will be for up to three years and used for capital expenditure and working capital.

The loan is aimed at supporting the largest private bank in the North West Federal District of Russia in its efforts to resume active lending to SMEs.

Transition Impact

BSP experiences competition from the state controlled banks and the proposed financing will help maintain the market share in SME sector in the region. The EBRD support to a leading private bank is a good opportunity for increasing financial intermediation and support to SMEs in the North-West region of Russia. The proposed financing will help BSP to increase the number and volume of SME loans as well as to lengthen the maturities of the SME portfolio.

The Client

Bank Saint-Petersburg (BSP) is the largest private bank (with the total assets of US$ 7.7 billion at end-June 2010) and one of the most advanced banks in the North-West region, the second largest region of Russia by banking assets. BSP is the EBRD client since 2006. The bank is controlled by management (56.3%), 24.5% is in free float and 19.2% belong to individual shareholders.

EBRD Finance

Loan, up to US$ 65 million.

Project Cost

US$ 65 million.

Environmental Impact

BSP is in full compliance with applicable national environmental, health and safety requirements and adheres to the Environmental Exclusion and Referral List. The project has been categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. BSP will be required to comply with the Bank’s Performance Requirements for Financial Institutions (specifically, PR2: Labour and Working Conditions and PR9: Financial Intermediaries) and to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists. The bank will implement the EBRD's Environmental and Social Procedures for Corporate Lending and for Small and Micro Loans.

Technical Cooperation

None.

Company Contact

Mr Konstantin Noskov

Director, Financial Institutions

Tel: +7 (812) 332 77 27
E-mail: noskov@bspb.ru

Website: www.bspb.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

Share this page: