FIF-Raiffeisen Leasing Croatia II

Location:

Croatia

Project number:

48438

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval 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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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