Societe Generale Leasing Serbia - SME Credit Line

Location:

Serbia

Project number:

45580

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

12 Nov 2013

Status:

Repaying

PSD disclosed:

23 Sep 2013

Translated version of this PSD: Serbian

Project Description

The EBRD is considering a senior loan to Sogelease Srbija d.o.o Beograd (“SGL” or the “Company”), a subsidiary of Societe Generale Bank Serbia (“SGS” or the “Parent”).

The project aims to support small and medium-sized enterprises (SMEs) by increasing the availability of long-term financing for purchasing equipment and commercial vehicles. Furthermore, the EBRD will support SGL in diversifying its funding base as part of its broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact will stem from expanding long-term leasing financing to SMEs, particularly outside the capital, for purchasing commercial vehicles and equipment.

Additionally, the project will make a contribution towards lengthening SGL’s funding base to match the tenor of the underlying leases and going forward, accessing sustainable sources of financing.

The Client

SGL is the seventh largest leasing company in Serbia as of end-March 2013 with a market share of 6.8% in terms of total assets. The Company is specialised on leases to SMEs with a strong foothold in equipment and commercial vehicle leasing.

EBRD Finance

Senior loan of up to EUR 20 million to be disbursed in two tranches.

Project Cost

EUR 20 million.

Environmental Impact

Categorised FI. SGL will be required to comply with EBRD's PR 2 and PR 9 and submit annual reports on environmental & social matters and the implementation of the PRs to EBRD.

Technical Cooperation

None.

Company Contact

Sogelease Srbija d.o.o
Nadja Kostic
Email: nadja.kostic@socgen.com
Phone: +381 11 222 1 361

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Project Complaint Mechanism (PCM)

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