Credit Europe Bank Senior Loan

complete

Senior 5-year local currency loan for on-lending to Russian SMEs. The proposed project will enable CEB to provide long-term local currency financing to SMEs in the regions of Russia, diversify its loan portfolio and enhance its competitive position. The transition impact of the project is expected to be achieved in the following main areas: 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-2009, Credit Europe Bank was ranked 46th in terms of total assets in Russia and had over 1,000 corporate banking customers, 10,000 SME customers and over 2.2 million private retail customers. EBRD is considering the providing CEB with a Senior loan of up to RUB 2.9 billion. Up to RUB 2.9 billion. Categorised FI (2008). CEB will be required 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