FIF: UniCredit Leasing Croatia II

Location:

Croatia

Project number:

48995

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

07 Jun 2017

Status:

Disbursing

PSD disclosed:

27 Mar 2017

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.

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.