EUROPLAN (DEBT)

Location:

Russia

Project number:

15533

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

06 Nov 2001

Status:

Completed

PSD disclosed:

20 Jun 2001

Project Description

The EBRD proposes to lend €11.1 million to DeltaLeasing, which will make financial leases available to small and medium-sized enterprises (SMEs) in Russia.
The project will support DeltaLeasing’s efforts to increase its lease portfolio of SME clients in 17 cities of Russia. Funds will be used for providing leases to eligible SMEs, which require funding to update or expand their production activities.
 

Transition Impact

The operation will boost the capability of an existing leasing business to provide term finance to SMEs in Russia. Supporting the expansion of the leasing market in Russia is important for stimulating growth and investment. A healthy leasing sector will assist in bringing increased flows of financing to the production sector of the economy and result in a wider choice of financing options for Russian SMEs, which are the grass roots of economic growth and reform.

The Client

DeltaLeasing is a wholly-owned leasing subsidiary of the US-Russia Investment Fund (TUSRIF).

EBRD Finance

Loan of US$ 10 million (€11.1 million).

Project Cost

US$ 10 million (€11.1 million).

Environmental Impact

Delta Leasing will adopt and implement EBRD's Environmental Procedures for Leasing to assess any potential environmental issues associated with leases, including compliance of leased assets with applicable environmental and health and safety regulations and product standards.

Technical Cooperation

None.

Company Contact

 

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.