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Working Capital & Systemic Solutions CIB

Sector: Raw Materials • Location: Russian Federation

Source: International Finance Corporation (IFC)

Project
Completed

The project involves a potential senior loan of up to RUB600 million to Joint-Stock Company Commercial Bank “Center-Invest”. The bank’s core activity is to serve small and medium sized enterprises (“SMEs”) in the frontier regions of southern Russia and is aligned with IFC’s development strategy. The IFC loan would be provided under the Working Capital and Systemic Solutions product and have a matu

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Project Information

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The project “Working Capital & Systemic Solutions CIB” is an infrastructure initiative in the Raw Materials sector, located in Russian Federation. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Email

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Description

Description

The project involves a potential senior loan of up to RUB600 million to Joint-Stock Company Commercial Bank “Center-Invest”. The bank’s core activity is to serve small and medium sized enterprises (“SMEs”) in the frontier regions of southern Russia and is aligned with IFC’s development strategy. The IFC loan would be provided under the Working Capital and Systemic Solutions product and have a maturity of up to 12 months, renewable up to two times at IFC’s option for an additional 12 months, for a maximum aggregate period of up to 3 years. The loan would be used by the bank for on-lending to SMEs, particularly those operating in the agriculture sector, to meet their short-term and working capital finance needs.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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