Project description
and objectives:
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The proposed project consists of a senior syndicated loan of up to USD 40
million with an A/B structure, B loan to be syndicated, to Europlan, the
leading provider of financial leases to small and medium-sized enterprises
(SMEs) in Russia, for financing its leasing portfolio.
The facility will support the diversification of Europlan’s funding base and
the expansion of its SME leasing portfolio in 56 regions of Russia.
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Transition impact:
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The Bank’s third round of financing is expected to have significant transition
impact in the following areas:
Supporting the development of private companies, SMEs in particular, in the
regions outside Moscow and St. Petersburg.
Increasing the competition in the leasing sector. A healthy leasing industry
will assist in bringing increased flows of financing to the productive sector
of the economy, thereby facilitating growth of domestic production.
The project will provide positive demonstration effect by introducing for
first time commercial lenders to Europlan and by this demonstrate that
commercial financing of leasing receivables in the absence of guarantees from
western parent companies is achievable in the Russian market.
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The client:
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Europlan, headquartered in Moscow, has six regional branches and 16 regional
sales offices, and provides lease financing solutions to successful Russian
SMEs.
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EBRD finance:
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A senior term loan of up to USD 40 million, with an A/B structure, B loan to
be syndicated.
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Total project cost:
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USD 40 million.
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Environmental impact:
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Europlan will be required to comply with EBRD’s Environmental Procedures for
Intermediated Finance through local leasing companies, including ensuring
compliance with the applicable national environmental, health and safety
legislation, adherence with EBRD’s Environmental Exclusion List and submission
of annual environmental reports to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Nikolay Zinoviev, President
Tel: +7 095 960 2244
Fax: +7 095
960 22 40
Website: www.europlan.ru
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EBRD contact:
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Andreea Moraru, Operation Leader: morarua@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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