SDM Bank SME Loan

Location:

Russia

Project number:

41144

Business sector:

Notice type:

Private

Environmental category:

FI

Target board date:

14 Sep 2010

Status:

Signed

PSD disclosed:

23 Jun 2010

Translated version of this PSD: Russian
 

Project Description

The EBRD is considering providing a five year senior loan of RUB 225 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 the Russian Federation.

Transition Impact

The EBRD financing will support development of a diversified banking business and long-term lending to SMEs by a mid-size privately owned Russian bank. The Project will also contribute to making available long-term local currency funding to the SMEs, including in the Russian regions, through a diversified network of SDM, thus supporting financial intermediation in Russia.

The Client

SDM Bank is a medium sized privately owned bank based in Moscow. At end-2009, SDM was the 114th bank among the Russian banks by assets (USD 649.8MM). SDM strategy targets SMEs via its 13 branches in Moscow and eight regions of Russia.

EBRD Finance

Loan.

Project Cost

RUB 225 million.

Environmental Impact

The project has been categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. SDM will be required to comply with the Bank’s Performance Requirements for Financial Institutions (specifically, PR2: Labour and Working Conditions and PR9: Financial Intermediaries) and to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists. The bank will implement the EBRD's Environmental and Social Procedures for Corporate Lending and for Small and Micro Loans. In early 2010 SDM has received EBRD's environmental and social risk management training for FIs, and a separate E&S Risk Management Plan has been prepared for SDM to ensure its compliance with PRs 2 and 9. SDM will be required to implement this Plan and to submit annual environmental and social reports to the Bank.

Technical Cooperation

The Project will be supported by technical assistance to strengthen strategic management, policies, and procedures within SDM.

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
Website: www.sdm.ru

Business opportunities

For business opportunities or procurement, contact the client company.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com

 

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.