FIF - UniCredit Leasing Croatia - MSME

Location:

Croatia

Project number:

51409

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

27 Nov 2019

Status:

Signed

PSD disclosed:

17 Oct 2019

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

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

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Share this page: