Europlan - RUB loan

Project Description

The EBRD is considering providing a senior loan of RUB 1.5 billion to Europlan, one of the leading providers of financial leases to small and medium-sized enterprises (SMEs) in Russia. The funds will be used by Europlan for extending local currency lease products to SMEs in 72 regions of Russia.

Transition Impact

The transition impact potential of the Project arises from support of an important market participant. The financial crisis has negatively affected the leasing market and most leasing companies have curtailed their operations although recent indications are that the demand for new business is increasing, especially for leases in local currency. The proposed transaction will provide a strong demonstration effect through support of an independent leasing company which serves a broad range of SMEs in 72 regions and which has managed itself well during the crisis.

The Project will also strengthen the development of private companies by promoting financial intermediation and increasing the level of available medium-term funding, primarily to the SME sector.

The Client

Europlan, headquartered in Moscow, has 42 offices, a presence in 72 regions and provides lease financing solutions to successful Russian SMEs.

EBRD Finance

RUB 1.5 billion loan on a maturity of 7 years.

Project Cost

RUB 1.5 billion.

Environmental Impact

Europlan will be required to comply with EBRD’s Environmental Procedures for Leasing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an annual environmental report to the EBRD.

Technical Cooperation

None.

Company Contact

Pierre De La Baume, Director, 

Capital Markets 

E-mail: plb@europlan.ru

Business opportunities

For business opportunities or procurement, contact the client company.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP

Project Complaint Mechanism (PCM)

The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm. The Rules of Procedure governing the PCM can be found at www.ebrd.com/downloads/integrity/pcmrules.pdf, the Russian version can be accessed at http://www.ebrd.com/downloads/integrity/pcmrulesr.pdf

Any complaint under the PCM must be filed no later than 12 months after the last distribution of EBRD funds. You may contact the PCM officer (at pcm@ebrd.com) or the relevant EBRD Resident Office for assistance if you are uncertain as to the period within which a complaint must be filed.

Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.

Last updated 29 July 2010