Rosevrobank - SME Loan

Location:

Russia

Project number:

39096

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

25 Jun 2008

Status:

Completed

PSD disclosed:

23 Jun 2008

Project Description

The project envisages that the EBRD will provide a senior loan under the MPF for on-lending to small and medium-sized enterprises in Moscow, Saint-Petersburg and other Russian regions, where Rosevrobank operates.

The EBRD’s senior loan will help Rosevrobank to continue making progress with implementation of its development strategy that includes regional expansion and accelerated development of lending to small and medium-sized enterprises.

Transition Impact

The proposed transaction will provide long-term funding to Rosevrobank for the development of its lending to small and medium-sized enterprises including in the regions. The transaction will therefore promote the availability of financial services to the relevant segment of the Russian economy. The EBRD will also seek to support Rosevrobank in strengthening its institutional development.

The Client

Rosevrobank is a Moscow-based Russian bank with headquarters and several branches in Moscow, branches in St. Petersburg, Novosibirsk, Samara and Rostov-on-Don and representative offices 20 Russian regions.

EBRD Finance

The EBRD will provide a long-term senior loan for on-lending to the Russian small and medium-sized enterprises.

Project Cost

USD 30 million.

Environmental Impact

Rosevrobank will be required to apply EBRD’s Environmental Procedures for Local Banks to all commercial lending activities and to submit annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Alexander Arkhipov
Head of International Business Development Administration
Rosevrobank JSCB
24, Vavilova Street, Moscow 119991, Russia


Phone: 7(495) 938-3004,
Mobile: 7(495) 728-8612, 7(916) 668-6490,
Fax: 7(495) 938-3119
E-mail: A.Arkhipov@rosevrobank.ru

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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