Locko Bank SME Credit Line

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The proposed project envisages providing a loan of USD 10 million to Locko Bank, a private medium-sized Moscow-based bank for on-lending to SMEs operating in Moscow, Moscow region and the main regional centres where the bank is planning to open branches. The project is aimed at supporting the SME sector in Moscow, St. Petersburg and other regions of Russia. The transition impact potential of the Project is expected in the following areas: Locko Bank, a Moscow-based bank with 4 offices in Moscow and a branch in St. Petersburg. A four-year senior loan of USD 10 million. USD 10 million. Locko Bank will be required to comply with EBRD’s Environmental Procedures for SME financing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to the Bank. None. Mr. Michael Pavlov, Director of Financial Institutions Tel: +7 095 232 2801 Fax: +7 095 956 9396 E-mail: mpavlov@lockobank.ru