RZB Leasing Romania - SME Credit Line

Location:

Romania

Project number:

37610

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

10 Jul 2007

Status:

Complete

PSD disclosed:

26 Apr 2007

Project Description

The proposed project is to make available to RLR an SME credit line with a maturity of 5 years to be used to provide lease financing for Romanian SMEs, specifically for equipment, light commercial vehicles, trucks and trailers, cars for commercial use, and real estate. The facility is building on the success of the first EU/EBRD Leasing Facility which was successfully implemented by RLR and proves the commitment of the company to further finance the SME sector without EU support. 

Transition Impact

The main rationale for the Bank’s involvement in this project is to increase the availability of lease financing on longer maturity for purchase and replacement of fixed assets by Romanian SMEs, to promote competition in the sector and have a significant demonstration effect across the financial markets.

The transition impact is derived from the increase of access of SMEs located all over Romania to long-term financing that is suitable for equipment and truck and trailers financing. Through a network of 16 branches, RLR has the ability to serve local SMEs from all over Romania.

A healthy leasing industry will assist in bringing increased flows of financing to the productive sector of the economy, thereby facilitating growth of domestic production. The Bank is looking to support leasing companies that are able to compete on the basis of quality of service, responsiveness to clients, and speed of decision-making.

The Client

Raiffeisen Leasing Romania (“RLR”), majority owned by Raiffeisen Leasing International, part of Raiffeisen International (“RI”). As of end-2006, RLR had total assets of EUR 226.6 million, total portfolio of EUR 201.6 million, and total equity of EUR 18.5 million. The market share based on total assets as of end-2006 was 6%, placing RLR within the top five players on the Romanian leasing market.

EBRD Finance

Credit line of EUR 15 million.

Project Cost

EUR 15 million.

Environmental Impact

RLR is required to comply with the EBRD’s Environmental Procedures for Leasing, which includes adherence to the Bank’s Environmental Exclusion and Referral List. Lessees are required to comply with national standards for environment, health, safety and labour. RLR will submit an annual environmental report to the Bank.

Technical Cooperation

None.

Company Contact

Raiffeisen Leasing Romania

Contact: Diana Comanici, Head of Treasury & Liquidity

Email: diana.comanici@raiffeisen-leasing.ro

Phone: ++40 21403 33 28
Fax:   ++40 21403 32 99

 

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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