Promsvyazbank Subordinated Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

29 Nov 2005



PSD disclosed:

28 Oct 2005

Project Description

The proposed subordinated loan in the amount of USD 50 million is aimed to support the capital base of the bank in order to underpin continued growth of Promsvyazbank’s regional branch network and increase of the business portfolio, mainly of the SME and retail segment of the market.

Transition Impact

The transition impact of the project is expected to be achieved in two main areas:

  • Subordinated loan will support implementation of Promsvyazbank’s business plan, which envisages diversification of client base through increased regional presence and more focus on SMEs and retail businesses.
  • The project seeks to further support the institutional strengthening of Promsvyazbank in line with high standards of business conduct and corporate governance.
  • The loan will also further contribute to improve the bank’s ability to secure support from other long term finance providers and attract potential investors.

The Client

Promsvyazbank was established in 1995 as a specialised bank servicing the needs of large companies in the communication sector, however, over time it evolved into a universal bank offering the full range of services in over 20 Russian regions.

EBRD Finance

USD 50.0 million subordinated loan.

Project Cost

USD 50.0 million.

Environmental Impact

Promsvyazbank will be required to continue to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank.

Technical Cooperation


Company Contact

Ms. Alexandra Volchenko, Head of Rating Support and Financial Institutions International Business Department, Promsvyazbank

Fax: (7 095) 727 1021


Web site:


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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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