FIF - UniCredit Leasing Croatia - MSME

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 51409

Status Repaying

Location

Croatia

Business Sector

Notice Type

Private

Project timeline

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

Project ID 51409

Status Repaying

Location

Croatia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

27 Nov 2019

Disclosure date

17 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: Croatian

Project Description

Provision of a senior loan of up to EUR 75 million to UniCredit Leasing Croatia ("UCLC") under the Financial Intermediaries Framework.

Project Objectives

The loan will be used to provide leases to micro, small and medium-sized enterprises (MSMEs) in Croatia. It will also support the Bank's Green Economy Transition ("GET") approach by dedicating at least 60% of the facility to the financing of leases for green equipment and technologies in the commercial sector throughout the project life-cycle.

Transition Impact

Contribution to the objectives of the Financial Intermediaries Framework ("FIF"), supporting the Competitive and Resilient transition qualities. FIF seeks to foster MSME competitiveness by increasing availability of financing for MSMEs and to encourage sustainable financing practices, supporting the resilience of the financial system.

Client Information

UNICREDIT LEASING CROATIA DOO

UCLC is the largest leasing company in Croatia both in terms of New Business Volume (~25%) and Total Assets (~23%) as of YE2018. UCLC is 100% owned by Zagrebacka banka d.d., Croatia and the ultimate owner is UniCredit SpA, Italy.

EBRD Finance Summary

EUR 75,000,000.00

Total Project Cost

EUR 75,000,000.00

Environmental and Social Summary

Categorised FI (2014). UniCredit Leasing Croatia (UCLC) has been satisfactorily applying the Bank's E&S requirements under existing exposures. UCLC will be required to comply with PRs 2, 4 and 9, continue to apply the Bank's E&S Risk Management Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the Bank via the Sustainability Index.

Technical Cooperation

None.

Company Contact Information

Anita Kostic
anita.kostic@unicreditleasing.hr
0038512447532
0038512447533

Transition impact

ETI Score:60

PSD last updated

29 Nov 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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