EUROPLAN (DEBT INCREASE)

Location:

Russia

Project number:

33511

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

19 Oct 2004

Status:

Completed

PSD disclosed:

19 Jul 2004

Project Description

The proposed project is a second loan of US$ 15 million to Europlan (formerly known as DeltaLeasing), the leading provider of financial leases to Small and Medium-sized Enterprises (SMEs). The Project is aimed to support its planned growth of the leasing portfolio to private sector SMEs in over 27 regions of Russia.

Transition Impact

Significant transition impact is expected in the following areas:
1. Increasing the competition in the leasing sector. A healthy leasing industry will assist in bringing increased flows of financing to the productive sector of the economy, thereby facilitating growth of domestic production.
2. Strengthening the development of the regional SMEs by promoting financial intermediation.
3. The Project will provide positive demonstration effect to the market that well-managed, transparent and properly capitalised leasing companies can develop a long-term relationship with EBRD.

The Client

Europlan, headquartered in Moscow, has seven regional branches, and provides lease financing solutions to successful Russian SMEs lacking term financing and having strong growth potential.

EBRD Finance

A 5-year senior loan of up to US$ 15 million.

Project Cost

US$ 15 million.

Environmental Impact

Europlan will be required to comply with EBRD’s Environmental Procedures for Intermediated Finance through local leasing companies, including ensuring compliance with the applicable national environmental, health and safety legislation, adherence with EBRD’s Environmental Exclusion List and submission of annual environmental reports to the Bank.

Technical Cooperation

None.

Company Contact

Nikolay Zinoviev, President
Fax: +7 095 960 22 40
Website: www.europlan.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)

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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.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.