Translated version of this PSD: Serbian
Project Description
The proposed project will support UniCredit Leasing Serbia, a leading leasing provider in Serbia, to extend lease financing to private SMEs in Serbia. The proceeds of the loan will be used by UniCredit Leasing Serbia to provide long-term leases to private SMEs for acquiring machinery and equipment in industries such as manufacturing and renewable energy.
Transition Impact
The credit line will contribute to the transition process by expanding the leasing market in Serbia, which has not been able to recover from the impact from the financial crisis since 2008. EBRD’s funding will also support the development of equipment and machinery leasing, which is under-developed in Serbia compared auto-leasing. The proceeds of the loan will be also used for leasing for renewable energy projects, currently a new segment of the market.
The Client
UniCredit Leasing Serbia is one of the leading leasing companies in Serbia. As of 30 September 2012, UniCredit Leasing Serbia’s total assets amounted to EUR 53.9 million. UniCredit Leasing Serbia was the third largest leasing company in Serbia with a market share of 8.2% measured by total assets as of 30 September 2012.
EBRD Finance
Long-term loan of EUR 15 million.
Project Cost
EUR 15 million.
Environmental Impact
Categorised FI. UniCredit Leasing Serbia will be required to comply with EBRD’s l Performance Requirement (“PR”) 9 when making local leases, conduct their business in accordance with PR 2, implement the EBRD’s E&S Procedures for Leasing and submit Annual Environmental and Social Reports to the Bank. Lessees will be required to comply with applicable national environmental, health and safety and labour requirements.
Technical Cooperation
None.
Company Contact
Mr. Zeljko Lazarac
E-mail: zeljko.lazarac@unicreditleasing.rs
Tel: + 381 11 3093 511
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
