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SAB II

Sector: Commercial • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_Sibacadembank (SAB or the bank) is a private bank based in Novosibirsk with an extensive branch network in Western and Eastern Siberia. The bank focuses on lending to SMEs, entrepreneurs and individuals. SAB had the net worth of approximately $42 million and total assets of approximately $373 million equivalent as of the end of 2004. The project is intended to support SAB’s rapid expansi

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The project “SAB II” is an infrastructure initiative in the Commercial sector, located in Russian Federation. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Original status

completed

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Description

Description

_x000C_Sibacadembank (SAB or the bank) is a private bank based in Novosibirsk with an extensive branch network in Western and Eastern Siberia. The bank focuses on lending to SMEs, entrepreneurs and individuals. SAB had the net worth of approximately $42 million and total assets of approximately $373 million equivalent as of the end of 2004. The project is intended to support SAB’s rapid expansion of its SME and retail lending business and implementation of its strategy of becoming the largest universal bank in the Siberian Federal District (“SFD”). This is a follow-on transaction with SAB. In 2004, IFC approved a senior loan of $7 million in two tranches for SME lending and an option of $2 million to purchase shares in SAB.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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