Project description
and objectives:
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The proposed project is to make available to RLR an SME credit line with a
maturity of 5 years to be used to provide lease financing for Romanian SMEs,
specifically for equipment, light commercial vehicles, trucks and trailers,
cars for commercial use, and real estate. The facility is building on the
success of the first EU/EBRD Leasing Facility which was successfully
implemented by RLR and proves the commitment of the company to further finance
the SME sector without EU support.
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Transition impact:
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The main rationale for the Bank’s involvement in this project is to increase
the availability of lease financing on longer maturity for purchase and
replacement of fixed assets by Romanian SMEs, to promote competition in the
sector and have a significant demonstration effect across the financial
markets.
The transition impact is derived from the increase of access of SMEs located
all over Romania to long-term financing that is suitable for equipment and
truck and trailers financing. Through a network of 16 branches, RLR has the
ability to serve local SMEs from all over Romania.
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 Bank is looking to support leasing companies that
are able to compete on the basis of quality of service, responsiveness to
clients, and speed of decision-making.
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The client:
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Raiffeisen Leasing Romania (“RLR”), majority owned by Raiffeisen Leasing
International, part of Raiffeisen International (“RI”). As of end-2006, RLR
had total assets of EUR 226.6 million, total portfolio of EUR 201.6 million,
and total equity of EUR 18.5 million. The market share based on total assets
as of end-2006 was 6%, placing RLR within the top five players on the Romanian
leasing market.
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EBRD finance:
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Credit line of EUR 15 million.
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Total project cost:
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EUR 15 million.
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Environmental impact:
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RLR is required to comply with the EBRD’s Environmental Procedures for
Leasing, which includes adherence to the Bank’s Environmental Exclusion and
Referral List. Lessees are required to comply with national standards for
environment, health, safety and labour. RLR will submit an annual
environmental report 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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Raiffeisen Leasing Romania
Contact: Diana Comanici, Head of Treasury & Liquidity
Email: diana.comanici@raiffeisen-leasing.ro
Phone: ++40 21403 33 28
Fax: ++40 21403 32 99
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EBRD contact:
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Dariga Sambayeva, Operation Leader: sambayed@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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