Translated version of this PSD: Russian
The EBRD is considering providing a four year senior loan of RUB 300 million to SDM bank, operating in Moscow and eight regions of Russia. The loan will be used to financing private SMEs in the Russian regions and Moscow. The project will provide necessary long-term resources to SDM Bank thereby supporting it in its efforts to continue lending to SMEs in the Russian Federation.
The EBRD financing will support diversification of SDM’s banking business and development of high quality banking services. The proposed financing will help SDM to continue lending to SMEs and prudently expanding its operations. Given SDM’s focus on SMEs and wide network, engaging with SDM is a good opportunity for increasing mid-term financing of local SMEs.
SDM Bank (“SDM”) is a medium sized privately owned bank based in Moscow. At end-June 2013, SDM was the 116th bank among the Russian banks by assets (USD 1.1 billion). SDM’s strategy targets SMEs via its 49 offices in Moscow and nine regions of Russia.
Senior loan of RUB 300 million.
RUB 300 million.
Categorised FI: SDM will be required to continue complying with the Bank’s Performance Requirements 2 and 9 and to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists. The bank will continue implementation of the EBRD's Environmental and Social Procedures for Corporate Lending and for Small and Micro Loans. In 2010 SDM received EBRD's environmental and social risk management training for FIs, and a separate E&S Risk Management Plan was prepared for SDM and implemented to ensure SDM’s compliance with PRs 2 and 9. SDM will be required to continue submitting annual environmental and social reports to the Bank.
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Tel: +44 20 7338 7168
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