Promsvyazbank SME Credit Line

complete

The proposed project consists of a senior five-year loan in the amount of USD 30 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs). The transition impact of the project is expected to be achieved in two main areas: Promsvyazbank was established in 1995 as a specialised bank servicing the needs of large companies in the communication sector, however, over time it evolved into a universal bank offering the full range of services in over 20 Russian regions. USD 30 million senior loan for on-lending to private SMEs. USD 30 million. Promsvyazbank will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank. None. Ms. Alexandra Volchenko, Head of Rating Support and Financial Institutions International Business Department, Promsvyazbank Fax: (7 095) 727 1021 E-mail: volchenko@psbank.ru Web site: http://www.psbank.ru