Financed ProjectsKMB SME Line I

Identification Code:

OP/01/0103

Total Operation Cost:

0

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

SME Credit Line to Private Sector Companies in Russia.

Countries of Operation:

Russia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

KMB Bank was established under the name of Russia Project Finance Bank in 1992 by the European Bank for Reconstruction and Development (EBRD). Initially project finance was the Bank's main business activity. In 1998, after the Russian crisis, EBRD decided to shift the Bank's focus to small and medium sized lending. In addition, EBRD's approach was to seek out new strategic shareholders, thus changing the ownership structure. In January 2000, the name was changed to KMB-Bank (Small Business Credit Bank).

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The operation is in line with the mandate of BSTDB to finance projects with a strong development impact. KMB has been established by reputable and financially strong international financial institutions with the aim of supporting the development of small and medium enterprises in the Russian Federation.

Environmental Classification and Impact (summary):

In line with applicable EH&S requirements

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org