Promsvyazbank syndicated loan

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The proposed project consists of an A/B syndicated loan to Promsvyazbank in an aggregate amount of up to USD 300 million for the regional expansion and development of retail activities, including consumer and car lending programmes. The transition impact of the project is expected to be achieved in the following 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 large universal bank offering the full range of services in over 30 Russian regions. Up to USD 100 million. Up to USD 300 million. Promsvyazbank will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks and to apply them to all commercial lending activities under the syndicated loan including SME sub-loans. The implementation of the above procedures will ensure Promsvyazbank’s compliance with the applicable national environmental, health and safety legislation, adherence to the EBRD’s Environmental Exclusion and Referral List for FIs, appointment of a member of senior management responsible for the implementation of the environmental procedures, and submission of annual environmental reports to the Bank. Promsvyazbank’s representatives have also attended the EBRD’s environmental and social risk management training for Russian FIs in Moscow in April 2006. None. Anna Belyaeva Deputy Director, Head of Financial Institutions International Business Department Promsvyazbank fax + (7 495) 411 5551 E-mail: belyaeva@psbank.ru Web site: www.psbank.ru