The proposed project envisages EBRD’s subscription of newly issued ordinary and preferred shares of IMB. The project is aimed at strengthening IMB capital to support the organic growth of the bank’s business.
The project will provide IMB with capital and financial resources needed for the implementation of the bank’s medium-term strategy, with a particular focus on lending to private sector SMEs and retail clients. In supporting IMB to expand its operations and develop its branch network, the EBRD promotes competition among the top tier banks, and the state-owned banks in particular. Higher level of competition in the Russian banking sector will promote its development through the introduction of new products and increasing quality of customer service.
IMB was founded in 1989 and has emerged as the one of the leading private banks in Russia with reputable shareholders and excellent local reputation. IMB has a ‘BB/Positive’ rating by Standard & Poor’s and ‘BBB+/Stable by Fitch.
IMB is well familiar with the environmental requirements of the EBRD through the existing operations and will continue to comply with those. IMB will be required to apply the EBRD’s Environmental Procedures for Intermediated Financing through Local Banks to its overall lending portfolio and to submit annual environmental reports to the Bank.
Head of Department, Financial Institutions Division
9, Prechistenskaya Emb. Moscow, Russia
Tel: +7-095 258-6587
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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.