Project Description
Equity investment in Primsotsbank by subscribing to newly issued ordinary shares representing up to 12.5% of the bank’s total capital.
Transition Impact
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.
The Client
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.
EBRD Finance
To be confirmed.
Project Cost
To be confirmed.
Environmental Impact
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.
Technical Cooperation
TC, estimated at EUR 250,000, may be provided at a later stage within the Regional Institution Building Framework.
Company Contact
Ms. Olga Ivaschuk
Head of International Banking Department
e-mail: olga@pskb.com
Telephone: +7 4232 –300299
Fax: +7 4232 – 422076
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)
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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.
