Orgresbank - Equity Investment

Location:

Russia

Project number:

36754

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

27 Jun 2006

Status:

Completed

PSD disclosed:

12 May 2006

Project Description

The project envisages that the EBRD will acquire a shareholding stake in Orgresbank of up to 15% through the acquisition of the newly issued shares of Orgresbank in the third quarter of 2006. The EBRD’s equity investment will help Orgresbank to implement its development strategy which includes regional expansion and the development of small and medium enterprise lending.

Transition Impact

The proposed transaction will provide equity capital to Orgresbank for the expansion of its regional network and development of small- and medium-enterprise lending. The transaction will therefore promote the availability of financial services to small- and medium-enterprises in Moscow and in the regions where Orgresbank operates and will operate in the near future. The EBRD will also seek to support Orgresbank in strengthening its institutional capacity and enhancing its corporate governance.

The Client

Orgresbank is a Moscow-based Russian bank with headquarters and several branches in Moscow and branches in Penza, St. Petersburg, Samara and Saratov.

EBRD Finance

Equity investment. The EBRD will subscribe to Orgresbank’s newly issued shares.

Project Cost

Up to USD 30 million.

Environmental Impact

Orgresbank will be required to apply EBRD’s Environmental Procedures for Local Banks to all commercial lending activities including sub-loans financed through the SME Credit Line, and to submit annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Mr. Vadim Serebrennikov
Vice-President, Head of Foreign Financial Institutions & International Capital Markets
JSB Orgresbank
Moscow, 125040, 3 Ulitsa Yamskogo Polya 19

Tel. +7 495 777 34 77
Fax +7 495 777 34 77 (ext 3303)

 

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

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.

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