Financed ProjectsCenter Invest Bank

Identification Code:

OP/06/0626

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a Subordinated Loan to Center Invest Bank to serve as tier-2 capital and strengthen its capital base to support business expansion

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Center-Invest Bank was established in 1992 and gained leading positions in the local banking sector (accounts for 40% of loans and over 50% of corporate deposits in Rostov-on-Don region). The bank offers wide range of services to individuals and corporate clients of the South of Russia in accordance with international standards requirements on the basis of modern banking practices and technologies. EBRD has 25,2% stake, DEG - 20,7% of the bank's capital. Ranks among top-100 banks in Russia, has vast network of 90 branch offices in neighbouring regions in South Russia. The bank is rated B1 by Moody's.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

BSTDB long-term financing contributes to economic development of the South region of Russia through support for a leading regional bank with high service standards and presence in the region, which would result in job creation and income generation of the end customers.

Environmental Classification and Impact (summary):

Center Invest Bank has corporate Environmental Policy and its environmental assessment procedure is integrated into overall portfolio management compliant with national environmental legislation and BSTDB requirements.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org