SDM Bank SME Loan-2

Location:

Russia

Project number:

45127

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

10 Dec 2013

Status:

Complete

PSD disclosed:

15 Oct 2013

Translated version of this PSD: Russian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

Senior loan of RUB 300 million.

Project Cost

RUB 300 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Anna Kolokoltseva
International Business Director
SDM-Bank Joint Stock Company
Direct:+7 (495) 490-45-71
Tel./fax: +7 (495) 705-90-91, ext 1387
e-mail: kolokoltseva@sdm.ru
www.sdm.ru

 

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

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Text of the PIP

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