Bank Saint-Petersburg Syndicated Loan

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Bank Saint Petersburg (BSP) is planning to raise a senior A/B loan of up to USD 100 m, of which up to USD 25 m (A loan) will be the EBRD portion and up to USD 75 m (B loan) will be syndicated to commercial banks. This is expected to take place over the coming months and is subject to market conditions. The project is aimed to assist BSP in raising an international syndicated loan and increasing the number of its partners in the international capital market. The proceeds will be used for the purpose of on-lending to enterprises including trade finance, small and medium-size loans, and retail. In the context of a current difficult market conditions, EBRD's participation will highlight BSP as a bank with a successful track record, committed to high standards of corporate governance and good business practices. This is building on the transition impact already achieved in the first EBRD transaction, an SME loan extended in 2006. This project is also strengthening the ability of BSP to compete with the state-owned banks which are dominant players in the market. BSP is the largest private bank and one of the most advanced banks in the North-West region, the second largest region of Russia by banking assets. BSP is a universal bank, providing a full range of services predominantly to the Saint-Petersburg’s private sector companies and their employees. As of end-2007, the bank was ranked 24th by assets among Russian banks and its share in the Saint-Petersburg market was 9.8% by assets, 12.9% by corporate loans and 6.3% by retail loans; 10.5% by corporate deposits and 7.8% by retail deposits, putting it in the third place after Sberbank and VTB. The bank has a developed branch network of 35 branches and outlets (including two in Moscow and one in Kaliningrad). BSP’s client base is well diversified and included over 31,000 corporate clients and over 628,000 retail customers at end-March 2008. BSP is a member of the Deposit Insurance Scheme. EBRD will provide BSP with an A loan of up to USD 25 million. Senior A/B loan of up to USD 100 m, of which up to USD 25 m (A loan) will be the EBRD portion and up to USD 75 m (B loan) will be syndicated to commercial banks. BSP follows EBRD’s Environmental Procedures for Intermediated Financing through Local Banks in its lending activities. BSP is also in full compliance with applicable national environmental, health and safety and labour requirements and adheres to the Environmental Exclusion and Referral List. BSP submits Annual Environmental Reports to the Bank. None. Mr Konstantin Noskov International Finance & Financial Institutions Director Bank Saint Petersburg 178, Nevsky Prospekt, 191167 St. Petersburg, Russia Tel.: + 7 812 332 77 27 Fax: + 7 812 332 77 26 E-mail: noskov@bspb.ru