Translated version of this PSD: Russian
The EBRD is considering providing a loan of PLN 80 million to Prime Car Management 2 (PCM2) to enable the company to expand a vehicle lease portfolio to micro, small and medium sized enterprises (MSMEs) in Poland.
Leasing is the second most important source of financing of investments and essential source of funding for SMEs.
The financial crisis has constrained financial resources of leasing companies. The EBRD facility will increase the availability of external funds to the leasing industry.
The loan will support development of Polish SMEs across the country, including smaller towns.
PCM2, a newly established subsidiary of Prime Car Management, operating under the Masterlease brand.
Masterlease is a leader in full service leasing and car fleet management in Poland. In 2009 Masterlease generated a new business volume of PLN 371 million (EUR 86 million).
PLN 80 million
PLN 200 million
Categorised FI (2008). Masterlease will be required to comply with the Bank's Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries). Due diligence has reviewed the capacity of the Company to effectively adopt and implement PR2 and PR 9 requirements and found that it is satisfactory.
In particular, the Company is in compliance with the national E&S regulations, has formal HR and E&S policies in place, as well as dedicated personnel to ensure their implementation. Masterlease will need to provide annual reports to the EBRD on environmental and social matters and the implementation of PRs 2 and 9 and, depending on its performance, may be offered to undertake E&S risk management training.
Jakub Kizielewicz, CFO
+48 58 340 44 11
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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