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Credit Bank of Moscow SME I

Russia | Financial Institutions

Identification Code:: OP/07/0690
Total Operation Cost:: — USD
Maturity:: 72 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 USD – 01 Feb 2008
: BSTDB Signed Amount – Signed Date

20.000.000 USD – 29 Feb 2008
: Status:
Completed
Description and Purpose of the Operation:: Provision of a Bank to Bank Loan to Credit Bank of Moscow, Russia for SME financing purposes. The proceeds of the Loan shall be used by Credit Bank of Moscow exclusively for the purpose of providing SME sub-loans to local borrowers eligible in accordance with criteria agreed with BSTDB.
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.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The BSTDB financing will provide the much needed medium-term funding for Russian SME sector, contribute to job creation as well as to institutional development and business growth of the client bank. The BSTDB financing will provide the much needed medium-term funding for Russian SME sector, contribute to job creation as well as to institutional development and business growth of the client bank.
Environmental Classification and Impact:: Credit Bank of Moscow has adopted an Environmental Policy and comprehensive Environmental Procedures satisfactory to BSTDB and integrated them into loan appraisal and monitoring process. The bank is required to undertake environmental assessment of its sub-loans to SMEs to assure compliance with the BSTDB and national environmental requirements.
Operation Leader:: Financial Institutions II
E-mail:: fi2@bstdb.org