Promsvyazbank syndicated loan



Project number:


Business sector:

Depository Credit (banks)

Notice type:


Environmental category:


Approval date:

20 Mar 2007



PSD disclosed:

19 Feb 2007

Project Description

The proposed project consists of an A/B syndicated loan to Promsvyazbank in an aggregate amount of up to USD 300 million for the regional expansion and development of retail activities, including consumer and car lending programmes.

Transition Impact

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

  • Financial intermediation and market penetration
    Funding from the EBRD will support the growing retail business of Promsvyazbank. The bank will be encouraged to focus in particular on the financing needs of retail customers in the regions which are still not sufficiently covered by banking services.
  • Deepening of the syndication market
    The project will be aimed at diversifying the sources of commercial funding and extending the maturity of the syndicated B-loan for Promsvyazbank for up to 3 years (while the EBRD A-Loan will be for up to 5 years), thus enabling it
    (i) to finance loans that are currently beyond its reach due to liquidity and maturity mismatch concerns and
    (ii) to serve the needs of retail customers that do not have access to medium to long term funding.



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 large universal bank offering the full range of services in over 30 Russian regions.

EBRD Finance

Up to USD 100 million.

Project Cost

Up to USD 300 million.

Environmental Impact

Promsvyazbank will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks and to apply them to all commercial lending activities under the syndicated loan including SME sub-loans. The implementation of the above procedures will ensure Promsvyazbank’s compliance with the applicable national environmental, health and safety legislation, adherence to the EBRD’s Environmental Exclusion and Referral List for FIs, appointment of a member of senior management responsible for the implementation of the environmental procedures, and submission of annual environmental reports to the Bank.

Promsvyazbank’s representatives have also attended the EBRD’s environmental and social risk management training for Russian FIs in Moscow in April 2006.

Technical Cooperation


Company Contact

Anna Belyaeva
Deputy Director, Head of Financial Institutions
International Business Department

fax + (7 495) 411 5551


Web site:


Business opportunities

For business opportunities or procurement, contact the client company.

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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 ( 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.

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