FIF - Belarusky Narodny Bank Syndicated (EBRD-48289)

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
FI
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
Jul 6, 2016
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
BELARUSKY NARODNY BANK OJSC
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)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 15, 2017

Disclosed by Bank Jun 1, 2016


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

Project Description
EBRD has committed a senior unsecured syndicated A/B loan in the aggregate amount of up to US$ 20 million to be comprised of: (a) "A Loan" of up to US$ 5 million for the account of EBRD; and (b) "B Loan" of up to US$ 15 million, which will be syndicated to financial institutions. The proceeds of the syndicated A/B loan will be used for lending to eligible to small and medium enterprises.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
BELARUSKY NARODNY BANK OJSC is majority owned by the Bank of Georgia. It is a growing medium-sized bank, ranked 12th among 26 banks in Belarus by total assets as of the end of 2015. BNB has been a client of the EBRD since 2011. BNB is a primarily SME focused bank, known for the high-quality services, flexibility and promptness in decisions-making, which operates in the sector, dominated by large state-owned banks. The funding involves a syndicated A/B loan to BNB in the aggregate amount of up to US$ 20 million, of which EBRD portion comprises of up to US$ 5 million while the remaining (B loan) will be syndicated to interested financial institution(s). The proposed transaction is expected to have up to 4 years maturity including a grace period of up to 1 year on repayment of principal.
Contact Information
Anton Slesarev aslesarev@bnb.by 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.