Rubliovskiy IV (IFC-37676)

Countries
  • Belarus
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 21, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Retail Trading Logistics Holdings
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 25, 2017

Disclosed by Bank Nov 13, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project comprises of a loan to Retail Trading Logistics Holdings to finance its permanent working capital needs and refinance part of its existing bank debt in order to help it sustain its competitiveness and, thus, the be able to provide access to a more diverse selection of high quality, affordable products to the consumers.
Investment Description
  • International Finance Corporation (IFC)
This project includes a corporate loan to Retail Trading Logistics Holdings, a corporate designation that refers to the group of companies with retail, distribution and logistics activities in Belarus. It is the leading wholesaler and one of the largest food retailer in Belarus. Retail Trading Logistics Holdings includes supermarket chains operating under the banner “Rubliovskiy” in Belarus, and was established in 1993. It started as a wholesale company and diversified into retail in 2003. Currently, four individual shareholders own Retail Trading Logistics Holdings.
Contact Information
Elena Moiseenko Member of the Board of Directors E-mail: mailto:e_moiseenko@rtl.by Phone: 375 17 284-72-71 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/