UNEXIMBANK - CREDIT LINE/STANDBY CREDIT FACILITY

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3021

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Project ID 3021

Status Cancelled

Location

Russia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Disclosure date

24 Jul 1997

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."

Project Description

A US$ 100 million credit line and standby facility to Uneximbank, a joint-stock company incorporated in the Russian Federation. The facility will enable Uneximbank to provide medium and long-term finance to the private sector.

The objectives of the project are to assist the development of Uneximbank's project financing activities and to finance projects of private sector enterprises in Russia that the EBRD cannot finance directly due to their small size.

Transition Impact

The project will support the growth, development and strengthening of one of the finest private sector banks in Russia, and will promote the growth of the private sector in general by providing much-needed term funds for investment purposes.

The Client

Uneximbank is a leading private commercial bank operating in Russia. It started its operations in January 1993 and was granted a full banking licence in April 1993. It is centralised around its headquarters in Moscow. The bank provides a full range of services to its corporate clients, including lending, cash management, foreign exchange, trade finance, fund management and custody.

EBRD Finance

The proposed facility will comprise a US$ 50 million credit line (loan) and a US$ 50 million standby facility that will enable Uneximbank to provide medium and long-term finance to the private sector.

Project Cost

US$ 100 million (ECU 91 million)

Environmental Impact

Uneximbank will follow the EBRD's Environmental Procedures for Local Banks in relation to all loans financed through the credit line and leveraged by the standby facility. In implementing these procedures, Uneximbank will assess potential environmental issues associated with sub-loans which are required to comply, at a minimum, with local/national health, safety and environmental standards and public consultation requirements.

Technical Cooperation

None

Company Contact

PSD last updated

21 Jan 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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