Translated version of this PSD: Croatian
Project Description
Provision of a EUR 30 million senior loan to UniCredit Leasing Croatia under the Financial Intermediaries Framework.
Project Objectives
The loan will be used to provide leases to small and medium-sized enterprises (SMEs), specifically for equipment, light commercial vehicles, trucks and trailers.
Transition Impact
The transition impact is expected to derive from market expansion by providing UniCredit Leasing Croatia with funding to scale up its SME lending activities. The proposed project will increase the local SMEs'access to long-term lease financing and help support the recovery of the Croatian leasing market. Additionally, at least 32% of the facility will be used to extend lease financing to eligible SMEs operating in underserved regions (i.e. outside of the capital city of Zagreb).
Client Information
UNICREDIT LEASING CROATIA DOO
EBRD Finance Summary
EUR 20,000,000.00
Total Project Cost
EUR 20,000,000.00
Environmental and Social Summary
Categorised FI (2014). UniCredit Leasing (UCL) has been satisfactorily applying the Bank's E&S requirements under existing exposures. UCL will be required to comply with PRs 2, 4 and 9, continue to apply the Bank's E&S Risk Management Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the Bank via the Sustainability Index.
Technical Cooperation
None.
Company Contact Information
Anita Kostic
nita.kostic@unicreditleasing.hr
http://www.unicreditleasing.hr/home/wps/wcm/connect/leasing/utils/home/
Business opportunities
For business opportunities or procurement, contact the client company.
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Email: procurement@ebrd.com
General enquiries
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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.
