All agreed loans

Russia. Bank Saint Petersburg

Date of agreement: 7 Jun 2007
Country: Russia
Customer: Bank Saint Petersburg
Amount in EUR: EUR 20 million
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

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.

Sustainability summary

No adverse environmental effects are foreseen. The environmental loan to BSP will generate positive cross-border environmental effects.