EBRD: Orient Express Bank MSME loan III
October 23, 2012
The Project entails a loan to Orient Express Bank under EBRD’s “Russia Small Business Fund” micro and small enterprise lending program. OEB with its corporate headquarters in Khabarovsk (Russian Far East) has since 2007, when it became an EBRD partner bank, evolved into one of the largest MSE lenders in Russia. Thanks to OEB’s network of outlets, the largest among any private sector bank in Russia by the Central Bank of Russia’s count, and its geographic outreach, encompassing all eight Federal Districts of the Russian Federation, the Project will contribute to improving MSEs’ access to finance, in particular in underbanked regions in Siberia and the Russian Far East.
EBRD Finance: Senior loan of RUB 1.68 bn from EBRD, with another RUB 0.02 bn co-financed by the “Russia Small Business Investment Special Fund”. The overall maturity of the loan is three years.
Project Cost: RUB 1.7 bn.
Board date: 27 Nov 2012
Company — EBRD (Moscow office)
Full nameEuropean Bank for Reconstruction and Development (EBRD)