Europlan Syndicated Loan

Location:

Russia

Project number:

36316

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

04 Oct 2005

Status:

Completed

PSD disclosed:

02 Sep 2005

Project Description

The proposed project consists of a senior syndicated loan of up to USD 40 million with an A/B structure, B loan to be syndicated, to Europlan, the leading provider of financial leases to small and medium-sized enterprises (SMEs) in Russia, for financing its leasing portfolio.

The facility will support the diversification of Europlan’s funding base and the expansion of its SME leasing portfolio in 56 regions of Russia.

 

Transition Impact

The Bank’s third round of financing is expected to have significant transition impact in the following areas:

Supporting the development of private companies, SMEs in particular, in the regions outside Moscow and St. Petersburg.

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.

The project will provide positive demonstration effect by introducing for first time commercial lenders to Europlan and by this demonstrate that commercial financing of leasing receivables in the absence of guarantees from western parent companies is achievable in the Russian market.

 

The Client

Europlan, headquartered in Moscow, has six regional branches and 16 regional sales offices, and provides lease financing solutions to successful Russian SMEs.

EBRD Finance

A senior term loan of up to USD 40 million, with an A/B structure, B loan to be syndicated.

Project Cost

USD 40 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
Tel: +7 095 960 2244
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

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