Translated version of this PSD: Russian
Equity investment for 7.5% stake and voting rights in Credit Bank of Moscow (CBM), an existing partner bank of EBRD in Russia. The investment will be made via subscription to newly issued ordinary shares.
The investment will support further development of one of the larger and most dynamic Russian private banks and will enable it to achieve its business and corporate governance objectives.
The project aims to achieve the following objectives:
- support a dynamic private bank in Russia to capitalise on its successful recent growth and implement its strategy to become one of the leading universal private banks;
- strengthen CBM’s capital platform for further business growth;
- contribute to CBM’s further institutional strengthening and corporate governance;
- assist CBM to carry out anticipated IPO, thus achieving positive demonstration effect.
CBM is a universal bank operating in Moscow and Moscow region with a focus on private mid-sized corporate clients and increasing retail operations. It has been one of the fastest growing banks in Russia since 2008 having moved from the 60th to 21st position among Russia’s largest banks.
Equity: 7.5% of capital and voting rights after completion.
CBM is compliant with the EBRD's Performance Requirements for Financial Institutions (PR2 and PR9). CBM received Environment and Social Due Diligence training from the EBRD in 2010. The bank has a written environmental policy and procedures, has adopted the joint EBRD/IFC Exclusion and Referral List, requires compliance with national Environment, Health and Social requirements and provides satisfactory annual reports to the Bank.
CBM will be required to continue its compliance with EBRD requirements, adopt and implement EBRD E&S Procedures for Corporate Lending and submit annual environmental and social reports to EBRD.
Pavel Voronov, Director, International Business and FI Division
Tel: +7 (495) 797 4222
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.