Financed ProjectsCredit Bank of Moscow 2 - Subordinated L

Identification Code:

OP/10/0798

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a Subordinated loan to Credit Bank of Moscow, 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:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Credit Bank of Moscow is a private universal commercial bank established in 1992. The bank has developed strong franchise focused on providing full range of banking services to SMEs and trading companies and offers a wide product mix to the public. It operates a fast growing network present in 12 Russian cities. The bank developed successful cooperation with IFIs.

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):

Credit Bank of Moscow is required to conduct its business with due regard to the environment and public occupational health and safety standards. The client needs to observe the BSTDB Negative List of Products, including environmental regulation and standards of the Russian Federation.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org