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EBRD supports health care in the region
Central Europe and the Baltic states to benefit from €30 million syndication package
Health care services in central Europe and the Baltic states today received a fresh boost thanks to a €10 million loan from the European Bank for Reconstruction and Development (EBRD) to DVI, a leading provider of asset-backed financing in the health care sector in the region.
The EBRD finance, part of a €30 million syndicated package, will finance leases of sophisticated medical equipment by hospitals and diagnostic centres in the Czech Republic, Hungary, Poland and the Baltic states. The loan will be for a term of five years. The EBRD syndicated the remaining €20 million to other participants, which include FMO, a Dutch finance and development corporation, and BHF-Bank, a leading German bank.
"DVI has considerable experience globally as a specialist medical equipment leasing company and is developing its activities in the region," said Jonathan Woollett, Director of Non-Bank Financial Institutions. "The EBRD loan will help DVI expand its activities, and the people in the region will benefit from the company's contribution to improved health care."
The loan will be provided to the subsidiaries of DVI, which include DVI International GmbH, a company registered in Germany, and DVI Financial Services, a company registered in the United States. DVI has more than $2 billion of assets under management and operates in the US, Latin America, South-east Asia and Europe.
"The EBRD's long-term loan will help DVI's development in central Europe and the Baltic states," said Jozef Osten, DVI's Executive Vice-President. "With this loan, we can expect to help upgrade the region's health care sector and assist the transition process."
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