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NBD SME III

Russia | Financial Institutions

Identification Code:: OP/10/0803
Total Operation Cost:: — USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 03 Dec 2010
: BSTDB Signed Amount – Signed Date

5.000.000 USD – 17 Jan 2011
: Status:
Completed
Description and Purpose of the Operation:: The proceeds of the Facility will be used by NBD Bank exclusively for the purpose of financing sub-loans that meet agreed eligibility criteria. The Loan aims to contribute towards expanding of the Borrower’s SME lending program to small and medium sized business and further support investment and working capital needs of SMEs.
Countries of Operation:: Russia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: NBD Bank is an existing client of BSTDB since 2007. NBD Bank has a focused strategy of financing small and medium business enterprises. It is a niche player in its home banking market of the Nizhny Novgorod region, with entrenched local market positions in retail deposit taking and SME lending.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Due to the Borrower's well-established market presence and strong commitment to develop SME lending, the Loan will represent an excellent mechanism for BSTDB to support development and expansion of small and medium sized businesses and entrepreneurs, which cannot be otherwise accessed by BSTDB directly. The financing is expected to increase economic activity, create employment and further stimulate export capacity and competitiveness.
Environmental Classification and Impact:: According to the Bank’s environmental screening the Operation has been assigned category FI. The Borrower is an existing Client of the Bank and generally the accumulated experience in terms of how Environmental Health & Safety (EH&S) issues associated with SMEs are dealt with has been positive. The Borrower has adopted a corporate Environmental Policy consistent with the Bank’s requirements and also has developed Environmental Assessment procedures which are well integrated in the overall portfolio management.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org