Translated version of this PSD: Latvian
The provision of a senior loan of up to €50 million to SIA Unicredit Leasing Latvia ("UCL") for leasing finance.
The proceeds of the loan will be used to provide long-term leasing finance to micro, small and medium-sized enterprises ("MSMEs") in Latvia.
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.
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.
Company Contact Information
For business opportunities or procurement, contact the client company.
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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.
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