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CI Russia Residential Energy Efficiency Finance / Agribusiness Finance

Sector: Raw Materials • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

Center-Invest Bank (“CI” or the “Bank”) is a medium sized private regional Russian bank headquartered in Rostov and ranked 70th in terms of assets at end June 2009. The Bank is the second largest following state-owned Sberbank in Rostov region with expanded branch network (90 outlets) in the neighborhood regions of Volgograd, Krasnodar and Stavropol. The Bank focuses on retail, SMEs and corporate

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The project “CI Russia Residential Energy Efficiency Finance / Agribusiness Finance” is an infrastructure initiative in the Raw Materials sector, located in Russian Federation. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

Center-Invest Bank (“CI” or the “Bank”) is a medium sized private regional Russian bank headquartered in Rostov and ranked 70th in terms of assets at end June 2009. The Bank is the second largest following state-owned Sberbank in Rostov region with expanded branch network (90 outlets) in the neighborhood regions of Volgograd, Krasnodar and Stavropol. The Bank focuses on retail, SMEs and corporate clients providing them with a wide range of products including overdrafts and short-term credit, working capital loans, investment loans and trade finance products. The Project represents a finance package consisting of (i) senior loan to implement a pilot project for Residential energy efficiency finance in Rostov and neighborhood regions; (ii) senior loan to finance SME in agricultural sector of South Russia; and (iii) trade finance line to support trade activities of the Bank’s SME clients.

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High

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