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Evrofinance Bank 2- Subordinated Loan.

Russia | Financial Institutions

Identification Code:: OP/09/0734
Total Operation Cost:: — USD
Maturity:: 84 months
Operation Status:: BSTDB Approved Amount – Approval Date

32.000.000 USD – 13 Jun 2009
: BSTDB Signed Amount – Signed Date

32.000.000 USD – 12 Oct 2009
: Status:
Completed
Description and Purpose of the Operation:: Provision of a Subordinated Loan with Equity Conversion Option to Evrofinance Mosnarbank, 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:: Loans
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Evrofinance Mosnarbank Moscow was established in 2003 as a result of a merger of Bank Evrofinance and CB Mosnarbank. Ranks 62 among Russian Banks by assets (USD 1,6 billion). Since 2005 the bank is on the list of Top 1000 World Banks published by The Banker magazine. It operates a branch network that covers 18 Russian cities. Evrofinance Mosnarbank delivers international quality banking services which are divided into corporate banking, retail banking, treasury and investment banking. The bank is granted international banking awards. Rated Ba3 by Moody's and B by Fitch. Evrofinance Mosnarbank is an existing client of BSTDB since 2008 with a positive credit history and excellent performance.
Co-Financers/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 providing the much-needed long-term financing.
Environmental Classification and Impact:: Evrofinance Mosnarbank 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