RESO Leasing

Location:

Russia

Project number:

45098

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

29 Oct 2013

Status:

Cancelled

PSD disclosed:

25 Jun 2013

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a senior loan of USD 40 million equivalent to RESO-Leasing, a Russian leasing company. The funds will be used by RESO-Leasing for extending local currency lease products to medium-sized enterprises.

Transition Impact

The proposed debt financing will support Russia’s under-served SME sector. The Loan will be used by RESO-Leasing to acquire assets (trucks, trailers, light commercial vehicles, equipment and passenger cars) for on-leasing to SMEs operating across the European part of Russia, Ural and Siberia.

The Project will also diversify RESO-Leasing funding base and will ensure high standards of business conduct in a sector which is not regulated.

The Client

RESO-Leasing, established in 2003, is one of the fastest growing leasing companies in Russia: 18th largest in Russia in terms of new business in 2012 with above 50% growth on average in the last 3 years. The Company is part of RESO Group.

EBRD Finance

USD 40 million.

Project Cost

USD 40 million.

Environmental Impact

Categorised FI. Reso Leasing will be required to comply with EBRD PRs 2 & 9, implement the EBRD's Environmental and Social Procedures for Leasing and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

The loan will be supported by advisory services to be provided by a consultant (to be selected) and financed by RESO-Leasing and donor funds. The project will aim to assist RESO-Leasing to strengthen key operational and credit risk management capacities of the company.

Company Contact

Alexey Kostylev,
Finance Director, RESO-Leasing LLC
129090, Moscow, Schepkina street, 4
phone: +7 (495) 956-39-12, internal number 5152
e-mail: kostylev@resoleasing.com
www.resoleasing.com

 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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