DeltaLeasing Syndicated Loan



Project number:


Business sector:

Leasing Finance

Notice type:


Environmental category:


Approval date:

15 Jun 2006



PSD disclosed:

05 May 2006

Project Description

The proposed project envisages a broadening of the EBRD relationship with DeltaLeasing with providing a syndicated loan of USD 15 million to DeltaLeasing, a leasing company operating in the Russian Far East, Sakhalin and Siberia. The loan will be syndicated under A/B structure with EBRD finance of USD 6 million. The Project is aimed at supporting the leasing sector in the Russian Far East, Sakhalin and Siberia and the growth of the company’s leasing portfolio.

Transition Impact

The transition impact potential of the Project arises mainly from its support of the development of the Russian leasing sector, and the leasing sector of the RFE in particular. This will be the first syndicated loan to a regionally-based leasing and will therefore have a significant demonstration effect across the financial markets.

The Project will strengthen the development of the regional private companies in particular on Sakhalin Island by promoting financial intermediation and increasing the level of available medium-term resources. The Project will also introduce commercial lenders to DeltaLeasing and demonstrate that commercial financing of lease receivables is Achievable in the Russian Far East.

The Client

DeltaLeasing, a Russian leasing company established in 1999 and wholly-owned by the US-Russia Investment Fund (TUSRIF).

EBRD Finance

Term loan of USD 6 million (EUR 5 million).

Project Cost

USD 15 million (EUR 12.4 million).

Environmental Impact

DeltaLeasing will be required to comply with EBRD’s Environmental Procedures for Leasing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to the Bank.

Technical Cooperation


Company Contact

Mr. Gregory Sundstrom, Chairman


Mr. Oleg Rakitsky, CEO


Telephone: 4232 – 491221
Fax: 4232-491220



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

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Text of the PIP

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