VTB 24 Bank

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VTB-RFS is a specialised subsidiary of JSC Vneshtorgbank (“VTB”) operating in the retail financial services and MSME business segments. VTB-RFS offers a wide spectrum of services for individuals and small businesses, such as consumer, mortgage and MSME lending, current/deposit accounts, plastic cards services etc. At present the VTB-RFS branch network includes over 150 branches and sub-offices located in key Russian regions. The Small Business Programme was initially launched by VTB in July 2004, and was subsequently transferred to VTB-RFS. VTB-RS strategic goals include becoming the leading provider of MSME financing in Russia in the medium term. Throughout its twelve years of operations, the RSBF programme demonstrated the ability of EBRD to be a successful provider of SME/MSE finance in Russia, both in terms of quality and quantity. To date, over USD 3.0 billion has been disbursed to MSEs in Russia in over 340,000 loans advanced through the branches of the RSBF partner banks. The wide regional outreach of the RSBF has been a vital success factor for the project, which has brought tangible economic benefits to many of Russia’s most depressed regions. VTB-RFS’ participation in the RSBF project will further boost transition impact by significantly increasing the RSBF programme’s outreach to cover a large number of locations where RSBF currently has none or very limited presence. VTB-RFS is a specialised subsidiary of JSC Vneshtorgbank (“VTB”) operating in the retail financial services and MSME business segments. VTB-RFS offers a wide spectrum of services for individuals and small businesses, such as consumer, mortgage and MSME lending, current/deposit accounts, plastic cards services etc. At present the VTB-RFS branch network includes over 150 branches and sub-offices located in key Russian regions. The Small Business Programme was initially launched by VTB in July 2004, and was subsequently transferred to VTB-RFS. VTB-RS strategic goals include becoming the leading provider of MSME financing in Russia in the medium term. The proposed transaction would support the client’s strategy to further develop its MSME operations by providing it with a USD 150 million RSBF loan for on-lending to eligible MSEs across the Russian regions. With VTB-RFS participation the number of RSBF partner banks will reach 10. Over USD 500 million. Screened FI. VTB-RFS is required to comply with the EBRD’s Environmental Procedures for Small and Micro Lending and incorporate these into its own credit procedures. This will include, inter alia, compliance with Russian national environmental, health, safety and labour regulations and standards, compliance with the ILO Conventions related to child and forced labour and discriminatory practices at work, adherence to the EBRD’s Environmental Exclusion and Referral List for FIs, appointment of a member of senior management with overall responsibility for compliance with the environmental procedures, and submission of annual environmental reports to the EBRD. Limited, training-focussed technical cooperation funding will be provided to boost VTB-RFS MSE capacity in Southern Russia. Press Centre: +7 (495) 982-58-58