Raiffeisen Leasing Romania

Location:

Romania

Project number:

46434

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

11 Nov 2014

Status:

Repaying

PSD disclosed:

26 Sep 2014

 

Translated version of this PSD: Romanian

Project Description

The EBRD is considering providing a senior loan in the amount of €30 million in local currency (“RON”) to Raiffeisen Leasing IFN S.A. for providing RON denominated leases to local MSMEs.

Transition Impact

EBRD’s first RON denominated bilateral loan to a leasing company will contribute to the availability of RON long-term finance, supporting the sustainable development of the growing RON leasing market. The project will increase lease finance for MSMEs in Romania in line with the Joint IFI Action Plan for Recovery and Growth for CESEE.

The Client

Raiffeisen Leasing is part of Raiffeisen Group. It provides financial leasing to MSMEs, corporates, individuals and public entities. In 2013, Raiffeisen Leasing accounted for 7 per cent of total new business volume, placing it within the top 4 players on the Romanian leasing market. .

EBRD Finance

Senior loan (denominated in RON) in the amount of up to €30 million equivalent.

Project Cost

Up to €30 million equivalent.

Environmental Impact

Raiffeisen Leasing is an existing client and has been successfully implementing Performance Requirements 2 and 9. Raiffeisen Leasing will be required to continue to comply with EBRD’s Environmental Performance 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. Raiffeisen Leasing borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None.

Company Contact

Gabriel Patrinoiu
Head of Cash Management Department
Raiffeisen Leasing IFN S.A.
Calea Floreasca nr. 246 D, et. 6
By Tower, Sector 1, Bucuresti cod postal 014476

Tel: +40 213 65 32 80
Fax: +40 372 87 99 79

 

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

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