3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||7 Jun 2007|
|Customer:||Bank Saint Petersburg|
|Amount in EUR:||EUR 20 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan totalling EUR 20 million will finance Bank Saint Petersburg's (BSP) onlending to subprojects eligible under NIB's Environmental Investment Loan programme. Subprojects are to be carried out in Northwest Russia. BSP, founded in 1990, is the largest privately owned bank in St. Petersburg and in Northwest Russia. BSP has running facilities with other international banks and multilateral financial institutions.
No adverse environmental effects are foreseen. The environmental loan to BSP will generate positive cross-border environmental effects.