UralSib Bank is owned by: - Aktiv-Holding (LLC) – 74.96 % (Representing NIKoil Financial Corporation); - The Republic of Bashkortostan represented by the Ministry of Property Relations of the Republic of Bashkortostan – 22.5 %.

The proposed project is to provide the Bank with an A loan for up to a $30.

30.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity

* These investment figures are indicative

The location of the project is in Moscow, Russia

This is a Category FI Type 1 project according to IFC’s environmental and social procedure. The Bank will be required to establish an environmental management system for its corporate lending operations to ensure that the activities and enterprises it finances comply with Russian environmental and occupational health and safety requirements. UralSib must appoint staff responsible for environmental issues that should attend IFC’s environmental training course for financial intermediaries and submit environmental performance reports to IFC on an annual basis.
Location of environmental documents in locally affected community

This project is expected to have a significant development impact in developing the financial sector and the private sector in Russia. As one of the first post-crisis IFC loans to a Russian bank with a large regional network, it will help increase geographical diversification and outreach by making credits available to SMEs throughout Russia. Moreover, the IFC loan will provide additional resources for the banking sector, thereby allowing it to play a more effective role in the development of the private sector through financial intermediation. By providing this loan, IFC would: Help a major Russian bank with a strong presence in the regions to expand its funding base and extend its maturity profile, thus enabling it to provide longer-term funds to its SME clients. Support UralSib’s growth and therefore, improve financial intermediation and foster competition among new and existing players. Improving operational standards at UralSib FC, thereby setting a positive example for other Russian banks. Send a positive signal to international financial community about IFC’s commitment to Russia and to the development of the private sector in the country. Further demonstrate IFC’s efforts to help Russian banks to realize growth opportunities through partnership, transparency, and good corporate governance.