RZB Leasing Romania - SME Credit Line

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 37610

Status Complete

Location

Romania

Business Sector

Notice Type

Private

Project timeline

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

Project ID 37610

Status Complete

Location

Romania

Business Sector

Notice Type

Private

Environmental Category

Approval Date

10 Jul 2007

Disclosure date

26 Apr 2007

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 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.

Transition Impact

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.

The Client

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.

EBRD Finance

Credit line of EUR 15 million.

Project Cost

EUR 15 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

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

Transition impact

ETI Score:40

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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