PROJECT

Projects

Summary of Investment Information

Project Number

33690

Company Name

TRANSKAPITALBANK

Date SPI Disclosed

Aug 16, 2013

Country

Russian Federation

Region

Europe

Projected Board Date

Sep 17, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Oct 16, 2013
Signed : Dec 30, 2013
Invested : Jan 28, 2014

Sector

Commercial Banking - General

Project Description

IFC proposes to provide up to US$50 million (up to 5 years) senior loan to CJSC Transcapitalbank (the Bank or TCB). The proceeds from IFC’s investment would be directed towards on-lending to SME and corporate customers to support their investments in eligible Energy Efficiency projects and/or to women-owned or controlled SMEs. IFC will also consider providing a B loan, the amount of which will depend on market conditions.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation