Project description
and objectives:
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The proposed project envisages:
1. providing a loan of RUB 90 million (USD 3 million equivalent) to
Primsotsbank, a private bank operating in the Far East for on-lending to SMEs.
The Project is aimed at supporting the bank’s SME lending programme with
longer tenors, which will benefit the local SME sector which is currently
underserved by local banks.
2. investing in the equity of the bank, as a second stage to be implemented in
2006.
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Transition impact:
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The transition impact potential of the Project arises from
(i) increased financial intermediation in favour of SMEs
(ii) enhanced competition in the local banking sector
(iii) implementation of good governance principles and high business standards
in a regional bank operating in the Far East.
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The client:
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Primsotsbank, a small privately owned regional bank established in 1993 and
located in the Far East with a good regional network and a strategic focus on
SME lending.
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EBRD finance:
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A four-year senior loan of RUB 90 million (equivalent of USD 3 million)
An equity investment of up to USD 4 million
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Total project cost:
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RUB 90 million (equivalent of USD 3 million) for the loan and USD 4 million
for the equity investment.
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Environmental impact:
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Primsotsbank will be required to comply with EBRD’s Environmental Procedures
for SME financing which require adherence to the Bank’s Environmental
Exclusion and Referral List, compliance with the applicable national
environmental, health and safety requirements and submission of an Annual
Environmental Report to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ms. Olga Ivaschuk, Head of International Banking Department
Email: olga@pskb.com
Telephone: +7 4232 –300299
Fax: +7 4232 – 422076
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EBRD contact:
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Konstantin Soshnikov, Operation Leader: soshnikk@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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