EUROPLAN (DEBT INCREASE)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 33511

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 33511

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

19 Oct 2004

Disclosure date

19 Jul 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 is a second loan of US$ 15 million to Europlan (formerly known as DeltaLeasing), the leading provider of financial leases to Small and Medium-sized Enterprises (SMEs). The Project is aimed to support its planned growth of the leasing portfolio to private sector SMEs in over 27 regions of Russia.

Transition Impact

Significant transition impact is expected in the following areas:

1. 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.

2. Strengthening the development of the regional SMEs by promoting financial intermediation.

3. The Project will provide positive demonstration effect to the market that well-managed, transparent and properly capitalised leasing companies can develop a long-term relationship with EBRD.

The Client

Europlan, headquartered in Moscow, has seven regional branches, and provides lease financing solutions to successful Russian SMEs lacking term financing and having strong growth potential.

EBRD Finance

A 5-year senior loan of up to US$ 15 million.

Project Cost

US$ 15 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Nikolay Zinoviev, President

Fax: +7 095 960 22 40

Website: www.europlan.ru

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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