Transcapitalbank SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

27 Jun 2005



PSD disclosed:

26 May 2005

Project Description

The proposed project consists of a senior four-year loan in the amount of USD 10 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs).

Transition Impact

The project is expected to have transition impact in three main areas:

  • Raise the level of financial intermediation both in Moscow and Moscow region, but more importantly in the regions outside Moscow which are far less covered by banking services and allow EBRD funds to reach SME sub-borrowers to finance their investment projects, for which long-term funding is currently not readily available.
  • Enhance TCB’s position in the small and medium-sized enterprise sector and allow it to compete with state and privately owned banks of similar size and profile. The project will support the overall strategy of the bank that envisages a clear focus on the SME segment.
  • The proposed project will include concrete institutional building measures aimed at strengthening Transcapitalbank and increasing the bank’s attractiveness to creditors and potential investors.

The Client

Transcapitalbank was established in 1992 as a universal bank and is currently owned by senior management and a number of medium-sized private companies. TCB has been headquartered in Moscow from the beginning of its operations, but it has always had a strong regional presence, with around 50% of loan portfolio placed outside Moscow.

EBRD Finance

USD 10 million senior loan for on-lending to private SMEs.

Project Cost

USD 10 million.

Environmental Impact

TCB will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank.

Technical Cooperation

An institutional building project of up to EUR 300,000 is contemplated under the Russian Regional Bank Credit Strengthening and Institutional Building Programme sponsored by the EU.

Company Contact

Mrs. Olga Gryadovaya, Chairperson

Fax: (7 095) 797 3201


Web site:


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

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Text of the PIP

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