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.
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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.