Transcapitalbank Industrial RSECF EE Loan

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Translated version of this PSD: Russian The EBRD is considering a loan to Transcapitalbank (TCB) under the industrial component of EBRD’s “Russian Sustainable Energy Financing Facility” (“RSECF”). TCB, based in Moscow, became an EBRD partner bank in 2004. Due to TCB’s strong presence in the regions of Russia the Project will contribute to improving access to finance for investments in energy efficiency. The project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending in the energy inefficient Russian economy. Moreover, the project is expected to transfer skills and gain expertise, both at TCB and at TCB’s borrowers. TCB will build expertise in assessing the risk and creditworthiness of clients for energy efficiency loans, while the enterprises are expected to become more familiar with banks’ requirements for providing energy efficiency loans. TCB is the 41th largest bank in Russia by total assets, operating through 78 outlets covering 19 regions of Russia with assets of USD 3.9 bln. and equity of USD 460 mln. as of 1 April 2013. The bank’s shareholders include the local sponsors, EBRD, DEG, IFC and other small shareholders. The bank is B1 rated by Moody’s. Senior loan of USD 12.5 mln. USD 12.5 mln. Categorised FI. TCB has been satisfactorily applying the EBRD's E&S requirements under existing transactions and will be required to continue to comply with the EBRD's PR2 and PR9. TCB will submit reports to the Bank on the RUSEFF loans and on environment, health and safety and labour issues associated with its operations and portfolio. Implementation of the RUSEFF Industrial loan is supported by on-going TC provided by GFA Consulting Group GmbH, which is being funded by the EBRD Shareholders Special Fund. TC will be provided for assistance to private sector industrial companies, clients of TCB, for identification and appraisal of potential sub-projects. Marina Emelyanova Senior Manager, International Finance Unit International Business Division Tel.: +7 (495) 797 32 00 ext. 19 13