MDM Bank - Senior SME Loan

Location:

Russia

Project number:

39878

Business sector:

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jul 2010

Status:

Signed

PSD disclosed:

17 Jun 2010

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a senior loan of RUB 3.5 billion to MDM Bank, a leading private Russian bank, for financing small and medium-sized enterprises in Russia.

The proposed financing will be used to strengthen MDM Bank’s balance sheet through the provision of the long-term funding, essential for the bank to continue SME lending in the post-crisis environment.

Transition Impact

The project is in line with the transition impact objectives of the EBRD to strengthen leading private local banks and to strengthen competition in the banking sector in general. The project also aims to promote stability in the banking system and continuity of lending.

The Client

MDM Bank is one of the largest private Russian banks with extensive regional network and strong brand in all three traditional banking customer segments – SME, retail and corporate.

EBRD Finance

A senior SME loan.

Project Cost

RUB 3.5 billion.

Environmental Impact

Screened FI, under the EBRD’s Environmental and Social Policy 2008. MDM Bank, an existing client of EBRD, will need to update its existing environmental and social procedures and management systems to reflect PRs 2 and 9, and apply these across its lending and investment portfolios. Monitoring will consist of a review of Annual Environmental Reports prepared by MDM Bank and submitted to the EBRD for approval.

Technical Cooperation

None.

Company Contact

John McNaughton
Managing Director
MDM Bank
33/1 Kotelincheskaya Emb
Moscow 115172
Russia
Tel +74957979500

 

Business opportunities

For business opportunities or procurement, contact the client company.

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