Intesa Leasing Serbia

Location:

Serbia

Project number:

45549

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

26 Nov 2013

Status:

Complete

PSD disclosed:

25 Sep 2013

Translated version of this PSD: Serbian

Project Description

The EBRD is considering a senior loan of up to EUR 15 million to Intesa Intesa Leasing d.o.o Beograd (“ILS” or the “Company”), a subsidiary of Banca Intesa a.d. Beograd (“BIB” or the “Parent”), the largest bank in Serbia. The project aims to support small and medium-sized enterprises (SMEs) by increasing the availability of long-term financing for purchasing equipment and commercial vehicles. Furthermore, EBRD will support ILS in diversifying its funding base as part of its broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact derives from expanding long-term leasing financing to SMEs, particularly outside the capital, for purchasing equipment and commercial vehicles. Especially the acquisition of agricultural machinery and renewable energy equipment will be fostered.

Additionally, the project will make a contribution towards lengthening ILS’ funding base to match the tenor of the underlying leases and accessing sustainable sources of financing going forward.

The Client

ILS is the third largest leasing company in Serbia as of end-March 2013 with a market share of 9.0% in terms of total assets. The Company is specialised on leases to SMEs with a strong foothold in equipment and commercial vehicle leasing.

EBRD Finance

Senior loan of up to EUR 15 million to be disbursed in two tranches.

Project Cost

EUR 15 million.

Environmental Impact

Categorised FI. ILS will be required to comply with EBRD's PR 2 and PR 9 and submit annual reports on environmental & social matters and the implementation of the PRs to EBRD.

Technical Cooperation

None.

Company Contact

INTESA LEASING doo Beograd
Cara Uroša 54
Belgrade, Serbia

Slavko Dukic, CFO
E-mail: slavko.dukic@intesaleasing.rs

Business opportunities

For business opportunities or procurement, contact the client company.

 

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.