Credit Europe Bank Senior Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 41152

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 41152

Status Complete

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

20 Jul 2010

Disclosure date

18 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

Senior 5-year local currency loan for on-lending to Russian SMEs. The proposed project will enable CEB to provide long-term local currency financing to SMEs in the regions of Russia, diversify its loan portfolio and enhance its competitive position.

Transition Impact

The transition impact of the project is expected to be achieved in the following main areas:

Demonstration and support of successful shift in the bank’s loan portfolio towards RUB-denominated financing and support of a well-managed bank in weathering the crisis.
Market expansion - supporting SMEs in the regions. CEB aims to diversify its loan portfolio by targeting SMEs and mid-sized corporate clients, mainly in Russian regions; given the bank’s large network, the project will assist CEB in achieving these objectives, as well as will contribute to the increase in financial intermediation in the country.

The Client

Part of the Turkish major conglomerate Fiba Group, CEB is a medium-sized Russian universal commercial bank, with a focus on lending in the retail, mid-sized corporate and SME segments. As of end-2009, Credit Europe Bank was ranked 46th in terms of total assets in Russia and had over 1,000 corporate banking customers, 10,000 SME customers and over 2.2 million private retail customers.

EBRD Finance

EBRD is considering the providing CEB with a Senior loan of up to RUB 2.9 billion.

Project Cost

Up to RUB 2.9 billion.

Environmental Impact

Categorised FI (2008). CEB will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9). The bank will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Yigit Feke, Vice President, Head of Financial Institutions Department

Tel: +7 495 725 26 62
E-mail: Yigit.Feke@crediteurope.ru

Transition impact

ETI Score:60

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.

Our story

How we invest in changing lives

What we offer for businesses

Search