06MOSCOW10247, OPIC FINANCE: SDM BANK

WikiLeaks Link

To understand the justification used for the classification of each cable, please use this WikiSource article as reference.
Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol).Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #06MOSCOW10247.
Reference ID Created Released Classification Origin
06MOSCOW10247 2006-09-14 11:41 2011-08-30 01:44 UNCLASSIFIED Embassy Moscow

VZCZCXYZ0007
RR RUEHWEB

DE RUEHMO #0247 2571141
ZNR UUUUU ZZH
R 141141Z SEP 06
FM AMEMBASSY MOSCOW
TO SECSTATE WASHDC 2280

UNCLAS MOSCOW 010247 
 
SIPDIS 
 
SIPDIS 
 
STATE FOR EUR/RUS 
STATE PASS TO OPIC 
 
E.O. 12958: N/A 
TAGS: ECON EFIN OPIC RS
SUBJECT: OPIC FINANCE: SDM BANK 
 
REF: A. STATE 138794 
     B. ADDENDUM TO 4/14/06 MOSCOW ECONOMIC WEEKLY 
 
Embassy has no objection to the proposed OPIC loan guarantee 
for SDM Bank to provide loans to small and medium enterprises 
outlined in Reftel A.  Moreover, Consolidated Consular 
Database checks reveal no adverse information about the 
bank's CEO and major shareholders.  Reftel B, Embassy's 2005 
banking sector report, notes that in recent years, bank 
assets have shifted more heavily to loans of various types. 
Consumer lending has grown most rapidly, but significant 
potential remains for developing lending to small and medium 
enterprises.  Embassy will provide a copy of this report and 
additional information on Russia's banking sector and 
Firebird Management's activities in Russia to Senior 
Investment/Finance Officer Richard Greenberg. 
BURNS

Wikileaks

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: