The EBRD is considering providing a loan of RUB 700 million to Asian Pacific Bank
October 29, 2012
The EBRD is considering providing an SME loan of RUB 700 million to Asian Pacific Bank, a private medium-sized bank with a diversified presence in the frontier regions of Russia’s Far East and Siberia. The project is aimed at enhancing availability of longer-term local currency financing to the small and medium-sized enterprises sector in Russia’s Far East and Siberia. The proposed project will also support the Asian Pacific Bank by strengthening its balance sheet and contributing to funding diversification.
EBRD Finance: a five-year loan of RUB 700 million. The loan will be provided in two tranches: the first tranche of RUB 300 million will be committed and the second tranche of RUB 400 million will be uncommitted.
Project Cost: RUB 700 million.
Board date: 27 Nov 2012
Company — Asian-Pacific Bank
Full nameAsian-Pacific Bank PJSC