UNEXIMBANK - CREDIT LINE/STANDBY CREDIT FACILITY

Location:

Russia

Project number:

3021

Business sector:

Notice type:

Private

Environmental category:

FI

Status:

Cancelled

PSD disclosed:

24 Jul 1997

Project Description

A US$ 100 million credit line and standby facility to Uneximbank, a joint-stock company incorporated in the Russian Federation. The facility will enable Uneximbank to provide medium and long-term finance to the private sector.

The objectives of the project are to assist the development of Uneximbank's project financing activities and to finance projects of private sector enterprises in Russia that the EBRD cannot finance directly due to their small size.

Transition Impact

The project will support the growth, development and strengthening of one of the finest private sector banks in Russia, and will promote the growth of the private sector in general by providing much-needed term funds for investment purposes.

The Client

Uneximbank is a leading private commercial bank operating in Russia. It started its operations in January 1993 and was granted a full banking licence in April 1993. It is centralised around its headquarters in Moscow. The bank provides a full range of services to its corporate clients, including lending, cash management, foreign exchange, trade finance, fund management and custody.

EBRD Finance

The proposed facility will comprise a US$ 50 million credit line (loan) and a US$ 50 million standby facility that will enable Uneximbank to provide medium and long-term finance to the private sector.

Project Cost

US$ 100 million (ECU 91 million)

Environmental Impact

Uneximbank will follow the EBRD's Environmental Procedures for Local Banks in relation to all loans financed through the credit line and leveraged by the standby facility. In implementing these procedures, Uneximbank will assess potential environmental issues associated with sub-loans which are required to comply, at a minimum, with local/national health, safety and environmental standards and public consultation requirements.

Technical Cooperation

None

Company Contact

 
 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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