MDM Bank - Senior SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 39878

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 39878

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

20 Jul 2010

Disclosure date

17 Jun 2010

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a senior loan of RUB 3.5 billion to MDM Bank, a leading private Russian bank, for financing small and medium-sized enterprises in Russia.

The proposed financing will be used to strengthen MDM Bank’s balance sheet through the provision of the long-term funding, essential for the bank to continue SME lending in the post-crisis environment.

Transition Impact

The project is in line with the transition impact objectives of the EBRD to strengthen leading private local banks and to strengthen competition in the banking sector in general. The project also aims to promote stability in the banking system and continuity of lending.

The Client

MDM Bank is one of the largest private Russian banks with extensive regional network and strong brand in all three traditional banking customer segments – SME, retail and corporate.

EBRD Finance

A senior SME loan.

Project Cost

RUB 3.5 billion.

Environmental Impact

Screened FI, under the EBRD’s Environmental and Social Policy 2008. MDM Bank, an existing client of EBRD, will need to update its existing environmental and social procedures and management systems to reflect PRs 2 and 9, and apply these across its lending and investment portfolios. Monitoring will consist of a review of Annual Environmental Reports prepared by MDM Bank and submitted to the EBRD for approval.

Technical Cooperation

None.

Company Contact

John McNaughton
Managing Director
MDM Bank
33/1 Kotelincheskaya Emb
Moscow 115172
Russia
Tel +74957979500

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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