Financed ProjectsBank Zenit 2 - Subordinated Loan I.

Identification Code:

OP/08/0728

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a Subordinated loan to Bank Zenit, Russia to serve as tier-2 capital and strengthen the client’s capital base and support long-term liquidity

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Bank Zenit is a private bank operating under general banking license and ranks 25th largest among Russian banks. The bank is predominantly active in the Moscow region and Republic of Tatarstan and offers services to clients operating in various sectors. Bank Zenit's core business is corporate and investment banking, but is also developing retail franchise. The bank is rated Ba3 by Moody's and B+ by Fitch. Bank Zenit is an existing client of BSTDB since 2008 with a positive credit history and excellent performance.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The BSTDB financing will contribute to the support currently provided to the Russian banking system by the government and IFIs proving the much- needed long-term financing.

Environmental Classification and Impact (summary):

Bank Zenith is required to conduct its business in compliance with national and BSTDB environmental, health and safety requirements, including the Negative List of Products, as well as submit annual reports on environmental, health and safety performance.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org