RZB LEASING RUSSIA (DEBT)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 27158

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 27158

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

06 Jul 2004

Disclosure date

04 Jun 2004

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The proposed project consists of a Syndicated Loan to the Moscow based leasing operation of the RZB. The Loan will finance leases made to Russian and Western-owned companies in a variety of industries. All leases financed by the Loan will be for companies with private ownership. The main objective of the project is to support Raiffeisen Leasing’s further expansion by providing long-term debt facilities, diversifying the Company’s funding base and assisting its efforts in Russia through approaching the commercial debt market and taking the lead in the syndication of the Leasing Loan.

Transition Impact

The transition impact potential of this project arises mainly from its support to the development of the Russian leasing sector and the subsequent increase in the financial sector intermediation which is still at a comparatively low level. In addition, the project will support a wider application of the internationally acceptable leasing practice in Russia, promote competition in the leasing sector and have a significant demonstration effect across the financial markets.

The Client

Raiffeisen Leasing was established in February 2000 to conduct financial leasing in Russia. The Company is owned 50% by Raiffeisen Bank Russia and 50% by Raiffeisen Leasing International, which owns the shares of the leasing subsidiaries operating in CEE and CIS.

EBRD Finance

Syndicated Leasing Loan for USD 60 million.

Project Cost

USD 60 million.

Environmental Impact

Raiffeisen Leasing is required to apply the Bank's environmental procedures for local leasing lending. In implementing these procedures Raiffeisen Leasing will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Company Contact

Raiffeisen-Leasing
Nikoloyamskaya 13/2 109240 Moscow
Tel: +7 095 721 3129; Fax +7 095 721 9901

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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