Center-Invest Bank Capital Increase II

disbursing

The proposed project envisages EBRD’s subscription to newly issued ordinary shares of Center Invest Bank. The project is aimed at strengthening the bank’s capital to support the organic growth of the bank’s business. The project will provide Center Invest Bank with capital and financial resources needed for implementation of the bank’s medium-term strategy with a particular focus on regional expansion and lending to private sector SMEs and retail clients. In supporting Center Invest Bank EBRD promotes real sector lending, development of regional banks, improved corporate governance, and competition in the banking sector. Center Invest Bank is a leading regional universal commercial bank based in Rostov-on-Don catering to small and medium-sized businesses and individuals through a wide branch network in the South of Russia. USD16.1 million USD 50 million Center Invest Bank is well familiar with the environmental requirements of EBRD through existing operations and will continue to comply with those. The bank is required to apply EBRD’s Environmental Procedures for Local Banks to its entire lending portfolio and to submit annual environmental reports to the Bank. Center Invest Bank is working with ING Bank as consultants within the framework of Russian Regional Bank Credit Strengthening and Institutional Building Program funded through EU IPF Program. Mr. Grigory Chorayan, Member of the Management Board Bank Center-Invest 62, prospect Sokolova, Rostov-on-Don, Russia, 344010; Tel. + 7 8632 675 833 Fax +7 8632 640 640