Renaissance Capital Bank Rouble Loan

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The proposed project is a senior loan of RUB 830 million to Bank Renaissance Capital, a Moscow-based consumer finance bank of the Renaissance Capital Group. The proceeds of the loan will go towards financing the portfolio of consumer loans in the Russian Federation. The proposed Russian Rouble loan will further advance availability of local currency funding for Russian citizens. Lack of funding, especially of local currency funding, is a major impediment to growth in the Russian consumer finance sector. The project will increase the competition in the consumer finance market in Russia by supporting the entry of the new strong participant. This helps to expand the market both through lowering over time the interest rates and increased range of local currency credit products. The project will also demonstrate that well-managed private banks can compete successfully based on a strong and innovative business model. Renaissance Capital has demonstrated its commitment to transparency and best practice in the investment banking sector and will implement its experience also in the consumer credit sector. Bank Renaissance Capital is the consumer finance bank of the Renaissance Capital Group, headquartered in Moscow and operating in more than 20 regions in Russia. Renaissance Capital Group is one of the leading independent investment banks in Russia. RUB 830 million (USD 30 million) senior term loan for financing the development of consumer finance portfolio. USD 30 million. There are no environmental risks associated with the consumer financing, therefore there will be no environmental requirements associated with this operation. None. Alexey Levchenko, Chairman of the Management Board Tel: +7 095 783 4600 Fax: +7 095 783 4601 E-mail: Alevchenko@rccf.ru