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
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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.
