The EBRD is considering providing a senior loan to Raiffeisen Leasing Bulgaria in the amount of €20 million for on-lending to SME clients (in accordance with the EU definition).
The credit line will contribute to the transition process by maintaining an essential flow of lending to enterprises at a time when the availability of credit, particularly to SMEs, has been constrained. The financial crisis has negatively affected the leasing market and most leasing companies have curtailed their operations although recent indications are that the demand for new business is increasing.
Raiffeisen Leasing Bulgaria is part of Raiffeisen Group. The market share based on net lease portfolio as of end of June 2010 was 7.22 percent, placing Raiffeisen Leasing Bulgaria within the top five players on the Bulgaria leasing market.
Senior loan in the amount of €20 million.
Raiffeisen Leasing Bulgaria will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local leases, conduct its business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The company’s borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
Tsvetanka Madjounova, Head of Financial Institutions Department,
Raiffeisenbank (Bulgaria) EAD,
Tel: + 35 92 91985 423;
Fax: + 35 92 943 45 57.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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 (email@example.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.