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NBD Bank SME I

Russia | Financial Institutions

Identification Code:: OP/06/0555
Total Operation Cost:: — USD
Maturity:: 48 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 28 Jul 2006
: BSTDB Signed Amount – Signed Date

5.000.000 USD – 23 Jan 2007
: Status:
Completed
Description and Purpose of the Operation:: BSTDB will provide a SME loan facility to NBD Bank to be used to finance the investment programs, working capital and export needs of micro, small and medium sized enterprises in Nizhny Novgorod region of the Russian Federation.
Countries of Operation:: Russia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: NBD Bank started operations in 1992. It is the third largest bank operating in Nizhny Novgorod region of Russia. NBD Bank is focused on financing small and medium business enterprises and aims to retain its market niche and increase lending to small and especially medium-size enterprises, as demand in this sector is rapidly growing.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: In cooperation with NBD Bank, BSTDB will be able to reach a larger number of SMEs in Russia and contribute to the sectors of their activity. The operation is also expected to support the NDB's business growth and to increase companies' trade turnover, including between member countries.
Environmental Classification and Impact:: NDB Bank is will be required to comply with BSTDB's Negative List of Goods, including the Environmental Exclusion List and the national environmental requirements, as well as make sure that the beneficiaries fully comply with these requirements.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org