3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||30 Nov 2007|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The 7-year-maturity EUR 30 million loan programme to Promsvyazbank (PSB) has been granted for financing PSB's onlending for projects of mutual interest to NIB and PSB. Promsvyazbank, a joint stock company established in 1995, is one of the largest private banks in Russia. PSB is a universal bank that mainly serves large and medium-sized corporate clients. PSB is active in more than 30 regions of Russia and is represented abroad.
PSB has implemented environmental criteria worked out in cooperation with the European Bank for Reconstruction and Development. The same criteria will be used for the NIB-financed onlending.