Financed ProjectsCenter Invest Bank 4

Identification Code:

OP/18/0037

Total Operation Cost:

1.000.000.000

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

The second Local Currency Loan for SME Financing to Center-invest Bank, Russia. Provision of RUB 1billion loan the proceeds of which shall be used by the Borrower exclusively for the purpose of providing SME sub-loans to eligible clients in accordance with the criteria as agreed with the Bank. The Loan will support the business growth strategy of one of the leading banks in terms of SME lending in Rostov Region. Center-invest Bank is the largest regional private bank in the South of Russia. Also it will contribute towards expanding of the SME lending program of the financial intermediary with well-established SME and retail business and thus increasing the accessibility to finance for small and medium sized private businesses and entrepreneurs.

Countries of Operation:

Russia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Center-invest Bank is leading local private bank in Southern Russia. With 127 branches and sub-branches in Southern Russia, Nizhniy Novgorod and Moscow, 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. The local currency financing provided by the Bank will mitigate foreign exchange risks for Center-Invest Bank and help increase funding for local businesses in the local currency.

Environmental Classification and Impact (summary):

Center-Invest Bank has recorded a satisfactory environmental and social (E&S) performance and 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. The Borrower follows its E&S policy and procedures and fully complies with its E&S Exclusion List which is compatible with the Exclusion List of BSTDB.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org