Sovcombank (former Rosevrobank TF)
Russia | Financial Institutions- Identification Code:
- OP/17/0039
- Total Operation Cost:
- 20.000.000 USD
- Maturity:
- 12 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date20.000.000 USD – 22 Sep 2017
-
BSTDB Signed Amount – Signed Date20.000.000 USD – 01 Nov 2017
-
Status:Completed
- Description and Purpose of the Operation:
- Revolving committed Trade Finance Facility to Rosevrobank, Russia.
- Countries of Operation:
- Russia (100,00%)
- Financial Product:
- Trade Finance
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- Rosevrobank
- Co-Financers/Participants:
- n/a
- Guarantors/Sponsors:
- n/a
- Developmental and Regional Cooperation Impact:
- The operation involves a revolving Trade Finance Facility that is expected to have modest but favourable economic benefits for the Russian economy. The most relevant of these are the increased economic activity and increased exports, as well as additional tax revenue gains. In addition, the financing will contribute to increases in employment, export capacity and competitiveness and multiplier effects for other parts of the economy.
- Environmental Classification and Impact:
- Rosevrobank has developed and implemented an E&S policy and procedure according to EBRD's requirements, which are consistent with BSTDB E&S Policy requirements for FIs. The procedure is well integrated in the overall portfolio management and consists of E&S screening, analysis of medium and high risk sub-loans, monitoring, as well as screening against its own Exclusion List, which is consistent with the Bank's document in this respect.
- Operation Leader:
- Financial Institutions II
- E-mail:
- fi2@bstdb.org
As of 28 Feb 2026
