FIF - Raiffeisen Leasing Bulgaria Loan

Location:

Bulgaria

Project number:

48534

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

21 Sep 2016

Status:

Repaying

PSD disclosed:

16 Aug 2016

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

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