Priorbank syndicated mortgage line

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The proposed project is a senior syndicated loan to Priorbank, the largest privately-owned commercial bank in Belarus, designed to support development of long-term lending to individuals for real estate investment purposes. The proposed loan will be used in for extending residential mortgage sub-loans to individuals in all Belarusian regions. The transition impact of the proposed project is expected to be achieved in three main areas: Priorbank was founded in 1989 and gradually developed into a leading private bank in the country. It is majority owned by Raiffeisen International Bank Holding, with the EBRD being the second largest shareholder. USD 25.0 million senior A/B syndicated loan of which EBRD expects to hold USD 15 million under an A loan. USD 25.0 million. Priorbank will continue to implement the EBRD’s Environmental Procedures for Residential Mortgage Lending for all mortgage loans under the credit line. The procedures require that a survey be undertaken for each loan considered to ensure, among other things, compliance with applicable national environmental, health, safety and public disclosure standards and regulations. None. Mr Vladimir Dedioul Email: vladimir.dedioul@priorbank.by