Belarus Financial Sector Framework II

Location:

Belarus

Project number:

45556

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

23 Jul 2014

Status:

Complete

Translated version of this PSD: Russian

Project Description

The EBRD is considering a multi-client, multi-product framework facility for an aggregate amount of EUR 50 million equivalent, which consolidates and extends two previous frameworks. Under the Framework facility, the EBRD will provide its Partner Financial Institutions (“PFIs”) with a full range of financial products including micro and SME credit-lines, business mortgage financing, syndicated loans, subordinated debt, convertible debt and equity. The Framework will allow the EBRD to respond quickly to challenges and opportunities in the local environment and contribute to further commercialisation of the Belarusian financial sector by enabling the PFIs to extend and/or enhance their support to the private sector in Belarus. The EBRD will also consider transactions in the non-bank financial institutions sector.

Transition Impact

The transition impact of the Framework stems from the increased level of financial intermediation through market expansion on a general level and more specifically, from the progress towards commercialisation of the banking sector. The projects under the framework will support the market expansion through the outreach of sub-loans. The progress towards commercialisation of the sector will be supported by continued development of PFI’s business standards.

The Client

Participating Banks (“PFIs”): Eligible Belarusian private and foreign owned banks, including existing EBRD clients and additional new private banks and non-bank financial institutions, subject to satisfying the eligibility criteria and required approvals.

The first sub-projects are proposed with Minsk Transit Bank (MTBank), an existing client of the Bank and an important private player in the local financial market.

EBRD Finance

BFSF II is to include all types of senior debt products (e.g. private sector SME, MSE and business mortgages), syndicated loans, subordinated loans, convertibles and equity investments as well as make proceeds of the Framework available for non-bank financial institutions, including micro-finance and leasing but not insurance companies.

Project Cost

EUR 50 million.

Environmental Impact

Categorised FI. All Partner Financial Institutions (PFIs) under the Framework will be required to comply with the EBRD's Performance Requirements 2 & 9, implement the respective environmental and social procedures as per the e-Manual, undertake the Bank's on-line E&S E-learning training for FIs and submit annual environmental and social reports to the EBRD. All new PFIs will be required to submit a completed FI E&S due diligence questionnaire and HR due diligence questionnaire to establish their compliance with PRs 2 & 9.

Technical Cooperation

None.

 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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