FIF - UniCredit Leasing Latvia

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 50884

Status Complete

Location

Latvia

Business Sector

Notice Type

Private

Project timeline

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

Project ID 50884

Status Complete

Location

Latvia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

13 Nov 2019

Disclosure date

08 Oct 2019

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."

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

UNICREDIT LEASING SIA

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

None.

Company Contact Information

Veronica Tomasoni, CFO
veronica.tomasoni@unicredit.lv
+371 (0) 67 085 716
https://www.unicredit.lv
SIA "UniCredit Leasing", 41 Mukusalas street, Riga, LV-1004, Latvia

Transition impact

ETI Score:60

PSD last updated

02 Dec 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

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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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