ICB - Credit Line

Location:

Russia

Project number:

3023

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

19 Nov 1996

Status:

Completed

PSD disclosed:

10 Oct 1996

Project Description

Provision of a medium-term credit line of US$ 30 million to the Industry and Construction Bank of St Petersburg. The loan will be lent to private sector enterprises for the financing of investment projects. The project's principal objectives are to address the shortage of medium-term funding available in Russia for the financing of industrial investment activity and to support the development of a key bank.

Transition Impact

The project will promote the development of a market-oriented financial sector and of private sector investment.

The Client

The Industry and Construction Bank (ICB) is the largest bank in St Petersburg and among the 20 largest in Russia. The bank has 42 branches, a large customer base and a focus on the corporate sector in the north west of Russia.

EBRD Finance

A loan of US$ 30 million (ECU 23.8 million equivalent).

Project Cost

US$ 30 million.

Environmental Impact

C/0. The project does not require an environmental analysis or an environmental audit. Sub-projects will be financed in accordance with the EBRD's environmental procedures for financial intermediaries. On an annual basis, the Industry and Construction Bank will report to the EBRD on environmental issues associated with the credit line.

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

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 (pcm@ebrd.com) 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.