Project Description
The proposed project envisages a broadening of the EBRD relationship with DeltaLeasing with providing a syndicated loan of USD 15 million to DeltaLeasing, a leasing company operating in the Russian Far East, Sakhalin and Siberia. The loan will be syndicated under A/B structure with EBRD finance of USD 6 million. The Project is aimed at supporting the leasing sector in the Russian Far East, Sakhalin 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. This will be the first syndicated loan to a regionally-based leasing and will therefore have a significant demonstration effect across the financial markets.
The Project will strengthen the development of the regional private companies in particular on Sakhalin Island by promoting financial intermediation and increasing the level of available medium-term resources. The Project will also introduce commercial lenders to DeltaLeasing and demonstrate that commercial financing of lease receivables is Achievable in the Russian Far East.
The Client
DeltaLeasing, a Russian leasing company established in 1999 and wholly-owned by the US-Russia Investment Fund (TUSRIF).
EBRD Finance
Term loan of USD 6 million (EUR 5 million).
Project Cost
USD 15 million (EUR 12.4 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
e-mail: rakitsky@deltaleasing.ru
Telephone: 4232 – 491221
Fax: 4232-491220
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
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
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.
