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

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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.