Translated version of this PSD: Bulgarian
Project Description
A EUR 50 million loan to Raiffeisen Leasing Bulgaria ("RLBG").
Project Objectives
RLBG will use the loan to provide lease financing to privately-owned micro-, small- and mediumsized enterprises ("MSMEs") in Bulgaria, to finance the lease of equipment, trucks and trailers, light commercial vehicles and fleet transactions with passenger cars.
Transition Impact
The loan will support the recovery of the Bulgarian leasing market by enabling RLBG to expand midand long-term lease financing to its existing and new MSME clients.
Client Information
RAIFFEISEN LEASING BULGARIA OOD
Raiffeisen Leasing Bulgaria is the third largest leasing company in Bulgaria with total assets of EUR 155 million and total equity of EUR 9 million as at end-March 2016. It is a fully owned subsidiary of
the group of Raiffeisen Zentralbank Oesterreich, Austria.
EBRD Finance Summary
EUR 50,000,000.00
Total Project Cost
EUR 50,000,000.00
Environmental and Social Summary
Categorised FI. RLBG has been applying the EBRD's E&S Risk Management Procedures for Leasing Activities to their leasing portfolio which is deemed to be Low E&S risk. The company will be required to continue to comply with EBRD's Perfrormance Requirements 2, 4 and 9 and submit annual environmental and social reports to EBRD.
Technical Cooperation
None.
Company Contact Information
Vasil Koshnicharov
vasil.koshnicharov@rlbg.raiffeisen.bg
+359 2 4919300
+359 2 9742057
www.rlbg.bg
Raiffeisen Leasing Bulgaria OOD 32A, Cherni vrah Blvd., floor 6 1407 Sofia, Bulgaria
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)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
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.
