Europlan - RUB loan

Location:

Russia

Project number:

41684

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

01 Sep 2010

Status:

Completed

PSD disclosed:

29 Jul 2010

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a senior loan of RUB 1.5 billion to Europlan, one of the leading providers of financial leases to small and medium-sized enterprises (SMEs) in Russia. The funds will be used by Europlan for extending local currency lease products to SMEs in 72 regions of Russia.

Transition Impact

The transition impact potential of the Project arises from support of an important market participant. The financial crisis has negatively affected the leasing market and most leasing companies have curtailed their operations although recent indications are that the demand for new business is increasing, especially for leases in local currency. The proposed transaction will provide a strong demonstration effect through support of an independent leasing company which serves a broad range of SMEs in 72 regions and which has managed itself well during the crisis.

The Project will also strengthen the development of private companies by promoting financial intermediation and increasing the level of available medium-term funding, primarily to the SME sector.

The Client

Europlan, headquartered in Moscow, has 42 offices, a presence in 72 regions and provides lease financing solutions to successful Russian SMEs.

EBRD Finance

RUB 1.5 billion loan on a maturity of 7 years.

Project Cost

RUB 1.5 billion.

Environmental Impact

Europlan 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 EBRD.

Technical Cooperation

None.

Company Contact

Pierre De La Baume, Director,

Capital Markets

E-mail: plb@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

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Text of the PIP

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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.