The project envisages that the EBRD will provide a senior loan under the MPF for on-lending to small and medium-sized enterprises in Moscow, Saint-Petersburg and other Russian regions, where Rosevrobank operates.
The EBRD’s senior loan will help Rosevrobank to continue making progress with implementation of its development strategy that includes regional expansion and accelerated development of lending to small and medium-sized enterprises.
The proposed transaction will provide long-term funding to Rosevrobank for the development of its lending to small and medium-sized enterprises including in the regions. The transaction will therefore promote the availability of financial services to the relevant segment of the Russian economy. The EBRD will also seek to support Rosevrobank in strengthening its institutional development.
Rosevrobank is a Moscow-based Russian bank with headquarters and several branches in Moscow, branches in St. Petersburg, Novosibirsk, Samara and Rostov-on-Don and representative offices 20 Russian regions.
The EBRD will provide a long-term senior loan for on-lending to the Russian small and medium-sized enterprises.
Total project cost: USD 30 million. |
