Equity investment in Primsotsbank by subscribing to newly issued ordinary shares representing up to 12.5% of the bank’s total capital.
This investment will support a Russian bank based in the Far East with good regional coverage and potential to develop further its distribution network and provide high quality services to SMEs and retail customers.
The investment is also designed to support the corporate governance and institutional improvements that are already under way in Primsotsbank.
Primsotsbank, a privately owned Russian bank established in 1993 and located in the Far East with a good regional network and a strategic focus on SME and retail lending.
To be confirmed.
To be confirmed.
Primsotsbank will be required to adopt the EBRD’s Environmental Procedures for Intermediated Financing through Local Banks and to apply these procedures to the whole range of its commercial lending operations. This includes adherence to the FI Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD.
TC, estimated at EUR 250,000, may be provided at a later stage within the Regional Institution Building Framework.
Ms. Olga Ivaschuk
Head of International Banking Department
Telephone: +7 4232 –300299
Fax: +7 4232 – 422076
For business opportunities or procurement, contact the client company.
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