Metallurgical Commercial Bank - RSECF Energy Efficiency Loan
Sector: Government • Location: Russia
Source: European Bank for Reconstruction and Development (EBRD)
Translated version of this PSD: Russian The EBRD is considering providing loans of RUB 350 million (RSBF MSE loan) and RUB 400 million (Energy Efficiency loan) to Metcombank, a private medium-sized regional bank headquartered in Northern Russia and with presence in other Russian regions. The Project is aimed at supporting the MSME sector in the regions of the bank’s operations. The RSBF MSE loan i
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Participants
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Status
Original status | cancelled |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | Translated version of this PSD: Russian The EBRD is considering providing loans of RUB 350 million (RSBF MSE loan) and RUB 400 million (Energy Efficiency loan) to Metcombank, a private medium-sized regional bank headquartered in Northern Russia and with presence in other Russian regions. The Project is aimed at supporting the MSME sector in the regions of the bank’s operations. The RSBF MSE loan is due to be provided under RSBF Framework and would be supported by RUB 150 million from Investment Special Fund. The Energy Efficiency loan would be provided under Russian Sustainable Energy and Carbon Finance Facility (RSECF). The transition impact potential of the Project is expected in the following areas: Metcombank is a midsize regional bank with a presence in 12 Russian cities in the European part of Russia. A member of the Severstal Group. the bank embarked on an expansion and diversification strategy to become an efficient universal bank providing services to MSMEs and individuals across the number of regions. Metcombank has B3/positive rating from Moody’s. A four-year Energy Efficiency loan of RUB 400 million provided in two equal trenches. The second tranche is uncommitted. RUB 750 million. Metcombank will be required to: - Comply with EBRD's PR2 and PR9; - Implement EBRD's Environmental and Social Procedures for Corporate Loans, Procedures for Small and Micro loans and the Environmental and Social Procedures for Trade Finance. - Provide to EBRD annual reports on environmental and social matters and the implementation of PR2 and PR9. RSBF MSE loan will be supported by intensive technical assistance under the RSBF framework through on-site consultants funded by Russia Small Business Technical Cooperation Special Fund. Energy Efficiency loan will be supported by the TC funding available under RSECF and provided by GFA Consulting Group Gmbh/MVV decon Gmbh, funded by EBRD Shareholders Special Fund and German Government. Youry Nikishev Deputy CEO E-mail: Y.Nikishev@metcombank-moscow.ru Tel: (495) 783-44-30 Fax: (499)159-11-74 |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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