FIF-Raiffeisen Leasing Croatia II

Location:

Croatia

Project number:

48438

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

08 Jun 2016

Status:

Repaying

PSD disclosed:

05 May 2016

Translated version of this PSD: Croatian

Project Description

The EBRD is providing a senior loan of up to €35 million to Raiffeisen Leasing Croatia under the Financial Intermediaries Framework.

Project Objectives

The loan will be used to provide leases to SMEs, specifically for equipment, light commercial vehicles, trucks and trailers.

Transition Impact

Transition impact is expected to derive from market expansion by providing Raiffeisen Leasing Croatia with funding to scale up its SME lending activities. The proposed project will increase the access to long-term lease financing by local SME and help support the recovery of the Croatian leasing market. Additionally, at least 30% of the facility will be used to provide lease financing to eligible SMEs operating in underserved regions (i.e. outside of the capital city of Zagreb).

Client Information

RAIFFEISEN LEASING D.O.O.

Raiffeisen Leasing Croatia, a wholly owned subsidiary of the Raiffeisen Leasing International GmbH and Raiffeisenbanak Austria d.d., is the third largest leasing company in Croatia holding 8.5% market share. As of 31 December 2015 Raiffeisen Leasing Croatia total assets stood at €195 million, whereas equity amounted to €18.1 million.

EBRD Finance Summary

EUR 35,000,000.00 Senior loan

Total Project Cost

EUR 35,000,000.00

Environmental and Social Summary

Categorised FI. The Company will be required to comply with PRs 2 and 9, adopt and implement the Bank's E&S Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Ivana Stipic-Springer
leasing@rl-hr.hr
http://www.rl-hr.hr

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.