TCB Syndication

completed

TCB is a medium-sized bank ranked 54th in the Russian Federation by size of net assets and 38th by size of loan portfolio as of 1st January 2010. TCB was established in 1992 with its core focus on mid-sized corporates, SMEs, and trade finance. The Bank is one of top 10 private commercial banks in trade and structured finance in Russia, with volume of trade transactions of USD 300 mln in 2008. TCB’s current international rating by Moody’s Investor Service is B1, with a stable outlook. TCB is seeking to raise financing of a minimum of $120 million for general corporate purposes to be used to maintain and expand its general lending to corporate (including trade finance transactions and SME lending) and retail customers (the “Project”). The EBRD A Loan and IFC A Loan will have equal amounts and have substantially similar terms. EBRD and IFC will jointly syndicate the minimum of $60 million B Loans, which shall be funded through separate EBRD and IFC participation agreements with participating financial institutions on a pro-rata basis