PROJECT

Projects

Summary of Proposed Investment

Project Number

30236

Company Name

TRANSKAPITALBANK

Date SPI Disclosed

Feb 15, 2011

Country

Russian Federation

Industry

Financial Markets

Projected Board Date

Mar 31, 2011

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Mar 31, 2011
Signed : Jun 23, 2011
Invested : Aug 10, 2011

Project Description

The project is an equity investment of up to $35 million in Transcapitalbank (TCB), a medium sized Russian bank, well known to IFC from earlier projects. The purpose of the project is to improve access to finance for mid-size companies and SMEs, particularly in regions outside of Moscow, and to strengthen the capital of the bank and support its preparation for an IPO. IFC is also considering a loan of up to $25 million and advisory work to support lending in the area of energy efficiency.

Sponsor / Cost / Location

Development Impact