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Rosevrobank SME II

Russia | Financial Institutions

Identification Code:: OP/11/0843
Total Operation Cost:: — USD
Maturity:: 49 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 USD – 17 Sep 2011
: BSTDB Signed Amount – Signed Date

20.000.000 USD – 17 Oct 2011
: Status:
Completed
Description and Purpose of the Operation:: Provision of Bank to Bank Loan to RosEvroBank, Russia for SME financing purposes. The Facility will be used by the Borrower exclusively for the purpose of providing loans to SMEs eligible in accordance with the eligibility criteria agreed with the BSTDB. The Loan aims to contribute towards expanding of the SME lending program of one of the actively growing middle sized private Russian banks thus facilitate the access 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:: RosEvroBank is an existing client of BSTDB since 2007. RosEvroBank actively supports SMEs in Russia with a focus on southern Russian regions (Rostov and Krasnodar areas). The Borrower has demonstrated a solid performance and worked in good partnership with a number of leading financial institutions including IFIs - IFC, DEG, KfW, EBRD.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Due to the RosEvroBank'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 (thus to contribute to the SME development in Russia) which cannot be otherwise accessed by BSTDB directly. The Loan would assist the Russian government’s strategy to support development of small and medium-sized enterprises which form the core of the country economy and create additional employment opportunities for Russian citizens.
Environmental Classification and Impact:: Screened as FI category. The Environmental Assessment process concluded that the Borrower has adopted an Environmental Policy and comprehensive Environmental Procedures, which were found satisfactory to BSTDB and which, have been integrated fully into its credit/investment appraisal and monitoring process. The Borrower also adopted an Environmental Exclusion List similar to BSTDB's Environmental Exclusion List and Negative List of Products. The Borrower is required to make sure its sub-projects comply with environmental regulations and standards of the Russian Federation, as well as submit to the Bank annual EHS performance reports
Operation Leader:: Financial Institutions II
E-mail:: fi2@bstdb.org