OMA DIY Belarus (EBRD-47553)

Countries
  • Belarus
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Feb 21, 2017
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
OMA LLC
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
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)
$ 25.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 24.00 million
Converted using 2017-02-21 exchange rate.
Project Cost (USD)
$ 55.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 52.5.00 million
Converted using 2017-02-21 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 9, 2017

Disclosed by Bank Oct 23, 2015


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Project Description
This project finances the construction of modern Do-It-Yourself (DIY) stores in different regions of Belarus.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
OMA LLC is a leader in the DIY (Do-It-Yourself) retail and wholesale market in Belarus established in 1992. OMA's DIY retail chain consists of 12 stores in key cities of Belarus with a total area of more than 25,000 sqm and offers up to 45,000 varieties of products. OMA is a limited liability company incorporated in Belarus, which is currently controlled by the Belarusian individual shareholders. The shareholders founded the business 20 years ago and until now have held key management positions in OMA LLC.
Contact Information
Company Contact Information Marina Rulko.B, Head of Treasury of OMA. rulko_m@oma.by +375 17 344 93 03 ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.