DELTALEASING SENIOR LOAN

Location:

Russia

Project number:

32308

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

02 Nov 2004

Status:

Completed

PSD disclosed:

16 Sep 2005

Project Description

The proposed project envisages providing a loan of US$ 5 million to DeltaLeasing (formerly known as DeltaLease – Far East), a leasing company providing leasing services to SMEs operating in the Russian Far East and Siberia. The Project is aimed at supporting the leasing sector in the Russian Far East and Siberia and the growth of the company’s leasing portfolio.

Transition Impact

The transition impact potential of the Project arises mainly from its support of the development of the Russian leasing sector, and the leasing sector of the RFE in particular. The Project will support a wider application of the leasing practice developed and proven by the market leader Europlan and have a significant demonstration effect across the financial markets.
The Project will strengthen the development of the regional SMEs by promoting financial intermediation and increasing the level of available medium-term resources. The Project will also attract more attention of the business community to the Russian Far East.

The Client

DeltaLeasing (former name DeltaLease-Far East), a Russian leasing company established in 1999 and wholly-owned by the US-Russia Investment Fund (TUSRIF).

EBRD Finance

A five-year senior loan of US$ 5 million.

Project Cost

US$ 5 million.

Environmental Impact

DeltaLeasing will be required to comply with EBRD’s Environmental Procedures for Leasing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an Annual Environmental Report to the Bank.

Technical Cooperation

None.

Company Contact

Mr. Gregory Sundstrom, Chairman
e-mail: gregorys@deltaleasing.ru
 
Mr. Oleg Rakitsky, CEO
Tel: 4232 – 491221
Fax: 4232-491220
e-mail: rakitsky@deltaleasing.ru
Website: www.deltaleasing.ru
 
 

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

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