Project number:


Business sector:

Leasing Finance

Notice type:


Environmental category:


Approval date:

19 Oct 2004



PSD disclosed:

19 Jul 2004

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


Company Contact

Nikolay Zinoviev, President
Fax: +7 095 960 22 40

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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