Credit Europe Bank - Syndicated loan

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Translated version of this PSD: Russian The Project will consist of an EBRD A Loan and a syndicated B Loan for a combined amount of up to USD 100 million. The funds will be used to expand CEB’s loan portfolio, especially in the regions. The syndication is led in parallel with IFC. The Project is aimed at supporting CEB’s regional expansion plans and its lending activities. In addition, EBRD’s participation in the Project will help CEB secure long-term and diversified funding. The Project is expected to have an impact by supporting post-crisis recovery of international syndication market and diversifying CEB’s funding base. The project is the first attempt of CEB to tap into the syndication loan markets after the hit of the global financial crisis. The EBRD will continue to play a key role in mobilising international funds needed to support the sector and the real economy, as demonstrated in 2010 with the successful syndications led in the Russian financial sector. The Project will also assist CEB in consolidating existing market share, particularly in the regions, in a highly competitive environment. Part of the Turkish major conglomerate Fiba Group, CEB is a medium-sized Russian universal commercial bank, with a focus on lending in the retail, mid-sized corporate and SME segments. As of end-2010, Credit Europe Bank was ranked 45th in terms of total assets in Russia and had over 900 corporate banking customers, 10,000 SME customers and over 2.5 million private retail customers The Project will consist of an A Loan of up to USD 50 million (EBRD portion) and a syndicated B Loan of not less than the A loan amount, which will be syndicated to commercial banks. Up to USD 100 million. Categorised FI. As an existing client, CEB will be required to continue to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9). The bank will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists and submit annual environmental and social reports to the EBRD. None. Yigit Feke, Vice President, Head of Financial Institutions Department Tel: +7 495 725 26 62 E-mail: Yigit.Feke@crediteurope.ru