FIF - UniCredit Leasing Latvia



Project number:


Business sector:

Leasing Finance

Notice type:


Environmental category:


Approval date:

13 Nov 2019



PSD disclosed:

08 Oct 2019

Translated version of this PSD: Latvian

Project Description

The provision of a senior loan of up to €50 million to SIA Unicredit Leasing Latvia ("UCL") for leasing finance.

Project Objectives

The proceeds of the loan will be used to provide long-term leasing finance to micro, small and medium-sized enterprises ("MSMEs") in Latvia.

Transition Impact

The Project contributes to the objectives of the Financial Intermediary Framework and seeks to foster competitiveness by increasing availability of financing to private MSMEs. The project also aims to support the diversification of UCL's funding sources and expansion of UCL's MSME financing.

Client Information


SIA Unicredit Leasing Latvia is part of Unicredit Group and is a leading leasing company in Latvia and the Baltic region. UCL provides leasing finance for a wide range of assets including vehicles (light and heavy transport), machinery and equipment.

EBRD Finance Summary 

€ 50 million

Total Project Cost

€ 50 million

Environmental and Social Summary

Categorised FI (ESP 2014). UCL will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's E&S Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the EBRD on E&S matters and on the implementation of the Performance Requirements.

Technical Cooperation


Company Contact Information

Veronica Tomasoni, CFO
+371 (0) 67 085 716
SIA "UniCredit Leasing", 41 Mukusalas street, Riga, LV-1004, Latvia

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer ( is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

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