Siauliu Bankas second syndicated loan

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The proposed project will assist Siauliu Bankas (“SB”) in accessing the international syndicated debt market. The second syndicated loan will improve the bank’s asset-liability structure and diversify its funding base enabling SB to continue expansion of its lending activity and implementation its business plan. The funds will be used to provide medium term loans to SB’s private sector corporate customers, most of which are SMEs. The proposed project will have positive impact on the Lithuanian economy by supporting the development and expansion of a strong regional bank focused on servicing SMEs. By increasing SB’s visibility in the international syndicated debt markets, the project will enable the client to raise longer term funding independently in the future. By promoting better access of local companies to medium term finance, the proposed project will also increase financial intermediation in Lithuania, especially in the regions outside the capital city, where SB’s business is focussed. AB Siauliu Bankas (“SB”) is the sixth largest bank in Lithuania with total assets of EUR 358 million and equity of EUR 36.8 million. SB is rated B+ (stable) by Fitch IBCA and Moody’s Ba3. Senior debt for on-lending to private sector corporate customers in the aggregate amount of up to EUR 12 million with an A/B loan structure, B loan to be syndicated. Up to EUR 12 million. Screened FI. SB is familiar with EBRD’s environmental requirements from earlier operations with the Bank including the SME credit line. Under the project SB is required to apply environmental procedures in accordance with EBRD’s Environmental Procedures for Local Banks (including the Environmental Referral List and Exclusion List). In implementing these procedures SB will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements. None. Mr Donatas Savickas Member of the Board, Deputy Chairman of the Board 149 Tilžės Street Siauliai LT-76348 Lithuania Telephone: +370 41 595 602 Fax: +370 41 430 774 Email: d.savickas@sb.lt Website: www.sb.lt