Rosbank Syndicated Loan

Location:

Russia

Project number:

43635

Business sector:

Notice type:

Private

Environmental category:

FI

Target board date:

26 Nov 2012

Status:

Completed

PSD disclosed:

26 Oct 2012

 

Translated version of this PSD: Russian

Project Description

The EBRD is considering a Senior Syndicated Loan to Rosbank in the aggregate amount of up to USD 150 million under an A/B loan structure for SME lending and general corporate purposes (incl. trade finance transactions) (“the Project”).

Transition Impact

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

  • Supporting the recovery of the Russian syndicated loan market which was affected by the financial crisis. The proposed syndicated loan would be one of the first such transactions for a private Russian bank in 2012, sending an important positive signal to the markets and contributing to their recovery.
  • Support of SME lending. The project will facilitate access by the Russian SMEs to medium / long-term funding, addressing its limited availability at the moment, and will ensure Rosbank’s increasing commitment to financing SME segment.
  • Support of financial intermediation. The project is aimed at supporting Rosbank lending capacity and diversifying its funding base in the current environment.

The Client

Rosbank is a top-10 Russian universal commercial bank and is one of the largest foreign-owned bank operating in Russia. Société Générale, France directly owns 82.4% of Rosbank’s share capital.

EBRD Finance

The loan will be for the total amount of up to USD 150 million and will be provided under A/B structure, including:

  • A portion for the account of EBRD of up to USD 50 million and
  • B portion of up to USD 100 million for the account of commercial participants in the international market.

Project Cost

Up to USD 150 million.

Environmental Impact

Categorised FI. Rosbank's business and operations are in compliance with EBRD's Performance Requirements 2 (Labour and Working Conditions) and PR9 (Financial Intermediaries). Rosbank's past environmental performance and reporting has been satisfactory. The bank will need to continue submitting annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Business opportunities

For business opportunities or procurement, contact the client company.

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)

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 (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.