Absolut Bank Syndicated Loan

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The project is a syndicated loan in the aggregate amount of up to USD 120 million under an A/B loan structure, consisting of A Loan of USD 40 million for the EBRD’s account and a B Loan of up to USD 80 million to be syndicated to participating financial institutions. The syndicated loan seeks to diversify the bank’s funding base by broadening the range of financing partners for Absolut Bank (AB) and to lengthen the maturities of funding provided by commercial banks. It is expected that EBRD’s participation in the transaction will help AB to raise medium-term funding that will reflect the current demand for longer maturities from end-borrowers. The project will underpin the ambitious growth of the bank and its strategy to diversify the structure of its assets and liabilities and target a wider client base, including SMEs and retail customers. Absolut Bank was established in 1993 as a universal bank by a group of private entrepreneurs. Absolut Bank is one of the fastest growing Moscow-based banks and it provides a full range of retail and corporate banking services. Senior term loan of USD 40 million from EBRD and additional USD 80 million to be syndicated to commercial banks. USD 120 million. AB will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety and labour legislation, adherence to EBRD’s Environmental Exclusion and Referral List, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures and submission of annual environmental reports to the Bank. None. Mr. Anatoly Maksakov, Vice Prersident Fax: (7 495) 777 7165 E-mail: avm@absolutbank.ru Web site: www.absolutbank.ru