Credit Bank of Moscow Syndicated Loan

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The USD 100 million A/B tranched syndicated loan aims to assist CBM in raising funding in the international market and increasing the number of its partners in the international capital market, which will contribute to developing and diversifying CBM’s funding base. The proceeds will be used for on-lending to CBM’s customers, including trade finance, small and medium-size term loans. The facility will enable CBM to diversify its business profile and will contribute to the dynamic growth of the bank. This project further enhances the transition impact made by EBRD to date by encouraging the market to support a bank with a successful track record, committed to high standards of corporate governance and good business practice. The proposed project will assist CBM to: a) diversify funding base and lengthen its maturity; b) support CBM in its efforts to develop its business profile in small business lending in Russian regions and to reduce customer concentrations. CBM is a dynamically developing mid-sized private bank with increasing SME and retail focus and a growing network in Central Federal District of Russia. It is headquartered in Moscow with a substantial branch network covering Moscow and the Moscow region. The bank has 52 outlets in Moscow region and 4 outlets in other regions of Central Federal District. By end-2009 the bank will open offices in all regions within Central Federal District. CBM ranked 60th by total assets and 56th by size of outlet network among Russian banks at end-2007. EBRD will provide CBM with USD 30 million (A loan). USD 100 million including USD 30 million EBRD’s A Loan and USD 70 million B Loan syndicated to commercial banks. CBM follows EBRD’s Environmental Procedures for Intermediated Finance through Local Banks in its lending activities as well as environmental standards required by its other IFI partners. CBM is also in full compliance with applicable national environmental, health and safety requirements and adheres to the Environmental Exclusion and Referral List. None. Mr. Igor Kondratyev Head, Financial Institutions Tel. +7(495) 785-54-09 Fax +7(495) 795-02-74 Email: kondratyev@mkb.ru