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    Signature(s)

    Amount
    € 300,000,000
    Countries
    Sector(s)
    Russia : € 300,000,000
    Credit lines : € 300,000,000
    Signature date(s)
    20/06/2013 : € 300,000,000
    Link to source

    Summary sheet

    Release date
    26 February 2013
    Status
    Reference
    Signed | 20/06/2013
    20120319
    Project name
    Promoter - financial intermediary
    SBERBANK LOAN FOR SMES AND MIDCAPS
    SBERBANK OF RUSSIA OAO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 300 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    A dedicated EIB loan to finance projects promoted by SMEs and Mid-Caps in Russia. Projects in fields considered as priority under the Mandate (i.e. local private sector development, development of social and economic infrastructure, and climate change mitigation and adaptation) carried out by eligible promoters of any size can also be funded, provided that financing in this area does not exceed 30% of the overall EIB loan amount.

    Improving access to term finance at favourable conditions.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Comments

    This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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