Transcapitalbank Industrial RSECF EE Loan

Location:

Russia

Project number:

44534

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

16 Oct 2013

Status:

Complete

PSD disclosed:

13 Sep 2013

Translated version of this PSD: Russian

Project Description

The EBRD is considering a loan to Transcapitalbank (TCB) under the industrial component of EBRD’s “Russian Sustainable Energy Financing Facility” (“RSECF”). TCB, based in Moscow, became an EBRD partner bank in 2004. Due to TCB’s strong presence in the regions of Russia the Project will contribute to improving access to finance for investments in energy efficiency.

Transition Impact

The project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending in the energy inefficient Russian economy. Moreover, the project is expected to transfer skills and gain expertise, both at TCB and at TCB’s borrowers. TCB will build expertise in assessing the risk and creditworthiness of clients for energy efficiency loans, while the enterprises are expected to become more familiar with banks’ requirements for providing energy efficiency loans.

The Client

TCB is the 41th largest bank in Russia by total assets, operating through 78 outlets covering 19 regions of Russia with assets of USD 3.9 bln. and equity of USD 460 mln. as of 1 April 2013.

The bank’s shareholders include the local sponsors, EBRD, DEG, IFC and other small shareholders. The bank is B1 rated by Moody’s.

EBRD Finance

Senior loan of USD 12.5 mln.

Project Cost

USD 12.5 mln.

Environmental Impact

Categorised FI. TCB has been satisfactorily applying the EBRD's E&S requirements under existing transactions and will be required to continue to comply with the EBRD's PR2 and PR9. TCB will submit reports to the Bank on the RUSEFF loans and on environment, health and safety and labour issues associated with its operations and portfolio.

Technical Cooperation

Implementation of the RUSEFF Industrial loan is supported by on-going TC provided by GFA Consulting Group GmbH, which is being funded by the EBRD Shareholders Special Fund. TC will be provided for assistance to private sector industrial companies, clients of TCB, for identification and appraisal of potential sub-projects.

Company Contact

Marina Emelyanova
Senior Manager, International Finance Unit
International Business Division
Tel.: +7 (495) 797 32 00 ext. 19 13

 

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

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.