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Technical Assistance Funds are provided by:

EBRD Shareholder Special Fund


January 2014

  • Asian-Pacific Bank (APB) is an active partner of RuSEFF Program implemented by the EBRD and having an aim at the support of sustainable energy and now it successfully expands its in the Far East region focusing on financing of energy efficient and environmentally friendly businesses.
  • The total sum of loans issued by the Bank in 2013 exceeded RUB 330 mln.
  • These projects helped to save 8,000 tonnes of CO₂, which is equal to annual emissions of 4,000 cars.   

APB’s branches located in Irkutsk and Yekaterinburg were considered to be the most active ones. Irkutsk branch of APB, led by Tatiana Polevatch, supported in total 8 projects on amount equal to RUB 167 mln for the development of small- and medium-sized enterprises (SMEs), operating in the spheres of wood processing and construction. The branch of APB in Yekaterinburg, headed by Vasily Bolshakov, provided financial assistance to 3 energy efficient projects with total volume of RUB 155 mln.

In honour of these outstanding achievements, RuSEFF Team conducted the award ceremony in order to note merits of the most active banking personnel and executives.

Besides the officials from Yekaterinburg and Irkutsk the results and contribution of Bank’s branch in Blagoveshchensk were also highlighted on the ceremony. This event was supported by the heads of the branches of APB, who highly appreciated individual results of their officials and wished themfurther success.

Petr Tatianchenko, the Head of SME Financing Department of APB, addressed to the colleagues, “I congratulate you with the deserved success!Do not stop there, conquernewpeaks! Alwaysmovefurther, reveal new horizons for further development and realization of planned ideas! I wish you an easy and interesting way!”

Tatiana Polevatch, Managing Director of APB in Irkutsk oblast and Vice-president, joined in the congratulations and highly assessed the achievements of the branch’s personnel: “We are happy that the majority of nomineeswork in our branch. The sum of transactionsconcludedwithin the RuSEFF Program by the offices of the Bank in Irkutsk oblast was estimated at RUB 167 mln. Using these funds, our clients were able to buy new equipment and transport vehicles, which allowed them to significantly decrease their energy costs and also to improve their financial performance. We look forward tofurther cooperation!”

Grigory Chorayan, the Deputy Director of RuSEFF, highlighted theIrkutsk branch of APB as the most active one in support of energy efficiency projects within RuSEFF.

The head of APB’s branch in Yekaterinburg, Vasily Bolshakov, also congratulated the winners and Catherine Tarasiuk, Marketing Director of RuSEFF, expressed the hope that this award ceremony will be the first in the long chain of similar events devoting to the success of jointly implemented energy efficient projects: “This ceremony is an important step towards the fixation of successful outcomes of our cooperation and we are especially pleased to note that your staff is so active in this direction”.

RuSEFF team would like to express its gratitude to all the winners and at the same time attract attention to closer cooperation with local branches of APB in other Russian cities. All projects realized within the RuSEFF Program have significant economic effect - they are able to support the enhancement of SMEs and generallylay the foundation for the sustainable energy development in Russia.