SDM Bank SME Loan

complete

The EBRD is considering providing a five year senior loan of RUB 225 million to SDM bank, operating in Moscow and eight regions of Russia. The loan will be used to financing private SMEs in the Russian regions and Moscow. The project will provide necessary long-term resources to SDM Bank thereby supporting it in its efforts to continue lending to SMEs the Russian Federation. The EBRD financing will support development of a diversified banking business and long-term lending to SMEs by a mid-size privately owned Russian bank. The Project will also contribute to making available long-term local currency funding to the SMEs, including in the Russian regions, through a diversified network of SDM, thus supporting financial intermediation in Russia. SDM Bank is a medium sized privately owned bank based in Moscow. At end-2009, SDM was the 114th bank among the Russian banks by assets (USD 649.8MM). SDM strategy targets SMEs via its 13 branches in Moscow and eight regions of Russia. Loan. RUB 225 million. The project has been categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. SDM will be required to comply with the Bank’s Performance Requirements for Financial Institutions (specifically, PR2: Labour and Working Conditions and PR9: Financial Intermediaries) and to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists. The bank will implement the EBRD's Environmental and Social Procedures for Corporate Lending and for Small and Micro Loans. In early 2010 SDM has received EBRD's environmental and social risk management training for FIs, and a separate E&S Risk Management Plan has been prepared for SDM to ensure its compliance with PRs 2 and 9. SDM will be required to implement this Plan and to submit annual environmental and social reports to the Bank. The Project will be supported by technical assistance to strengthen strategic management, policies, and procedures within SDM. Anna Kolokoltseva International Business Director SDM-Bank Joint Stock Company Direct:+7 (495) 490-45-71 Tel./fax: +7 (495) 705-90-91, ext 1387 E-mail: kolokoltseva@sdm.ru Website: www.sdm.ru For business opportunities or procurement, contact the client company. EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168; Fax: +44 20 7338 7380 Email: projectenquiries@ebrd.com