Project Description
The proposed project consists of a senior loan of US$ 10 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs) in the Krasnodar region of southern Russia.
Transition Impact
The project is expected to have transition impact in two main areas:
-
It will secure demonstration effect by supporting a leading independent local bank that is committed to meeting high standards of transparency and corporate governance. EBRD’s co-operation with Yugbank is designed to demonstrate that a well-managed private bank can compete successfully in its market niche with state-owned and Moscow-based banks.
- In supporting private sector SMEs by providing term funds it will raise the level of financial intermediation in the region and allow EBRD funds to reach SME sub-borrowers to finance their investment projects, for which long-term funding is currently not readily available.
The Client
Yugbank, headquartered in Krasnodar and one of the leading privately-owned banks in southern Russia, providing a full range of retail and corporate banking services.
EBRD Finance
SME loan for US$10 million.
Project Cost
US$ 10 million.
Environmental Impact
Yugbank 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
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
