Transcapitalbank SME Credit Line

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The proposed project consists of a senior four-year loan in the amount of USD 10 million for on-lending to private sector Small and Medium-sized Enterprises (SMEs). The project is expected to have transition impact in three main areas: Transcapitalbank was established in 1992 as a universal bank and is currently owned by senior management and a number of medium-sized private companies. TCB has been headquartered in Moscow from the beginning of its operations, but it has always had a strong regional presence, with around 50% of loan portfolio placed outside Moscow. USD 10 million senior loan for on-lending to private SMEs. USD 10 million. TCB will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local banks, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank. An institutional building project of up to EUR 300,000 is contemplated under the Russian Regional Bank Credit Strengthening and Institutional Building Programme sponsored by the EU. Mrs. Olga Gryadovaya, Chairperson Fax: (7 095) 797 3201 E-mail: info@transcapital.com Web site: http://www.transcapital.com