Project number:


Business sector:

Non-depository Credit (non bank)

Notice type:


Environmental category:


Approval date:

23 Jul 2002



PSD disclosed:

28 Jun 2002

Project Description

Proposed term loan and equity-linked option for Russian Standard Bank, the first Russian commercial bank specialising in consumer financing.
The EBRD proposes to provide term financing to RSB to facilitate development of its consumer loans portfolio. The loan will diversify RSB’s funding and leverage its strong capital base.
Equity financing will strengthen RSB’s capital base in the future and support further development, including regional expansion, of RSB’s assets and consumer financing operations.

Transition Impact

The project will have a significant transitional impact as it will support development of the (1) transparent privately-owned commercial bank with dynamic and innovative management, (2) young and fast growing business with intelligent strategy supported by the international expertise and (3) competition and proper operational practices in the consumer financing market segment, which is new to Russia.

The Client

Russian Standard Bank (RSB) – privately owned and the first Russian commercial bank with a strategic focus on consumer financing. Headquartered in Moscow.

EBRD Finance

US$ 10 million (€10.5 million) term loan for financing development of RSB’s consumer loans portfolio. Equity option to purchase up to 10.44 per cent of RSB’s capital. Equity financing will finance further development of RSB’s consumer financing operation.

Project Cost

Total project costs are up to US$ 20 million (€21 million).

Environmental Impact

The environmental impact from the project will be low as the borrower is committed to comply with the financing restrictions stated on EBRD’s Environmental Exclusion List for Financial Institutions as well as with EBRD’s Environmental procedures for Intermediate Financing through Local Banks.

Technical Cooperation


Company Contact


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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