Moscow, Russia, January 22, 2013—IFC, a member of the World Bank Group, is providing Transcapitalbank with a five-year $50 million loan to help the bank expand access to finance for small and medium enterprises (SMEs), helping them improve energy efficiency and encourage female entrepreneurs across Russia.

In addition IFC has mobilized a €20 million loan from International Investment Bank (IIB), earmarked for energy efficient SME projects. With these investments IFC champions energy efficiency and social inclusion in Russia, creating more business opportunities for women.