31537 - ATB A+B SME Loan

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Summary of Proposed Investment

Project Number

31537

Company Name

AZIATSKO-TIKHOOKEANSKI BANK PAO

Date SPI Disclosed

Jun 1, 2012

Country

Russian Federation

Industry

Financial Markets

Projected Board Date

Jul 2, 2012

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

Previous Events

Approved : Aug 17, 2012
Signed : Nov 8, 2012
Invested : Nov 21, 2012

Project Description

The proposed project consists of an A-Loan denominated in Russian Rubles at IFC’s own account of up to US$30 million (approximately equivalent to RUB882.2 million) for up to five years, and a B/parallel-Loan of up to US$30 million. The loans are intended to support the Bank’s onlending to small and medium enterprises in the Far East and Siberia Federal Districts of Russia.
ATB is the largest regional bank in the Russian Far East and Siberia, headquartered in Blagoveshchensk. The Bank is focused on retail lending, but has a significant corporate loan and SME loan portfolios. IFC has been engaged with the Bank since 2008 and is a shareholder with a 7% stake.
The Bank operates through a branch chain including 221 offices, located in 18 regions of Russia, 60% of which are frontier regions.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.88
Equity

Development Impact

The Project is expected to have a significant development impact as it will enhance the Bank''s ability to lend more to SMEs and households in frontier regions of the Eastern Russia. Such financing will be crucial for the sustainable development of the private sector and diversification of the regional economies where the Bank operates (including 9 frontier regions, defined as having per capita income 80% or less of the national average). Additional developmental impact lies in the introduction of the Bank and its unique business model to the international wholesale funding market, by possibly marketing its debut syndication.

The proposed project is with an existing IFC client to provide debt investment for financing MSMEs sector and the overall portfolio risk is considered to be medium. The project has been categorized as FI in accordance with IFC’s Environmental and Social Review Procedure. Asian Pacific Bank (ATB) is focused on retail banking, and also provides corporate, SMEs finance and leasing services. The Bank’s corporate and SME lending accounts for approximately 33% of the total portfolio, the key sectors of lending mainly entail limited adverse E&S risk and impacts that are few in number, generally site-specific, largely reversible and readily addressed though mitigation measures. Applicable requirements for this project are IFC Exclusion List, the Russian E&S laws and regulations and the IFC Performance Standards.

Contacts

For Inquiries About the Project, Contact

Mr. Mikhail Pavlov
Deputy Chairman of the Executive Board
11/1, Voznesenskiy Pereulok,
Moscow, Russia, 125009
Telephone: +7-495-988-30-62
E-mail: mailto:Pavlov@atb.su

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This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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