Translated version of this PSD: Croatian
The EBRD is providing a senior loan of up to €35 million to Raiffeisen Leasing Croatia under the Financial Intermediaries Framework.
The loan will be used to provide leases to SMEs, specifically for equipment, light commercial vehicles, trucks and trailers.
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).
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
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.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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 (firstname.lastname@example.org) 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.