Limited Liability Company Rusfinance Bank

completed

The project is to provide a partial credit guarantee and thereby credit enhance a Ruble-denominated bond issue by Commercial Bank Rusfinance Bank Limited Liability Company (Rusfinance Bank or the Bank). The bond issue will be for an expected aggregate of up to RUR 3 billion and with an expected maturity of 2 years. This credit enhancement will be in the form of an IFC partial credit guarantee that would cover all principal and interest payment shortfalls up to a maximum amount equal to 50 percent of the initial outstanding principal amount of the bond.Rusfinance Bank is a medium-sized regional bank based in Samara, an industrial city situated in the Lower Volga region. The Bank specializes in short to mid term consumer lending, particularly for automobile acquisition. The Bank is present in over 38 regions of Russia, with the portfolio well-diversified between regions. IFC would enable Rusfinance Bank to tap domestic capital markets to obtain much needed longer term local currency funding with which to further develop its consumer finance business.