Projects Financed

Operation Summary

Operation Name:

Center Invest Bank 3

Identification Code:

OP/17/0011
Total Operation Cost:1.000.000.000  RUB
Maturity:

36 months

Operation Status:
BSTDB Approved AmountApproval Date
1.000.000.000  RUB26 May 2017
BSTDB Signed AmountSigned Date
1.000.000.000  RUB30 May 2017
Status: Active
Description and Purpose
of the Operation:

Local Curency Loan for SME Financing to Center-invest Bank, Russia. Provision of RUB 1 billion Loan the proceeds of which shall be used by the Borrower exclusively for the purpose of providing sub- loans to eligible SME clients in accordance with the criteria as agreed with the Bank.

Countries of Operation:
Russia100,00 %
Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Center-invest Bank is leading local private bank in Southern Russia. With 132 branches and sub-branches in the region, it provides a wide range of modern banking services and products for business and retail customers.

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The loan for SME financing will support the development and expansion of small and medium sized businesses and entrepreneurs in Southern Russia, including the Black Sea Region. This is the first local currency financing provided by the Bank to a financial intermediary in Russia, thus avoiding the foreign exchange risks for Center-invest Bank and ultimate recipient SMEs.

Environmental Classification and Impact (summary):

E&S category FI. Center-invest Bank developed a comprehensive E&S management system which is fully integrated in the general portfolio management, and is compliant with the BSTDB E&S requirements for FIs. For the purpose of this operation the standard E&S legal terms and conditions will apply.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org


As of 31 Oct 2017