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.
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.
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.
USD 50.0 million subordinated loan.
USD 50.0 million.
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.
Ms. Alexandra Volchenko, Head of Rating Support and Financial Institutions International Business Department, Promsvyazbank
Fax: (7 095) 727 1021
Web site: www.psbank.ru
For business opportunities or procurement, contact the client company.
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
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 (email@example.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.