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.
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.
Europlan, headquartered in Moscow, has six regional branches and 16 regional sales offices, and provides lease financing solutions to successful Russian SMEs.
A senior term loan of up to USD 40 million, with an A/B structure, B loan to be syndicated.
USD 40 million.
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.
Nikolay Zinoviev, President
Tel: +7 095 960 2244
Fax: +7 095 960 22 40
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