UniCredit Leasing Russia

Location:

Russia

Project number:

42237

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

01 Jun 2011

Status:

Completed

PSD disclosed:

19 Apr 2011

Translated version of this PSD: Russian

Project Description

The EBRD is considering providing a Rouble denominated loan facility to UniCredit Leasing Russia, which will be used to help small business borrowers purchase local currency-denominated leases on equipment and heavy vehicles in Russia.

Transition Impact

The credit line will encourage the revival of Russia’s leasing market and contribute to the transition process by maintaining an essential flow of lending to small and medium-sized enterprises at a time when the availability of credit, particularly to SMEs, has been constrained.

Limited availability of medium to long-term funding to SMEs is an impediment for capital investments in Russia. Due to geographical remoteness and largely under-developed regional banks, SMEs outside of large cities have only limited access to medium-term financing. Thanks to the network of its affiliate UniCredit Bank Russia, the Company has a nation-wide coverage of Russia and serves primarily SMEs.

The Client

UniCredit Leasing Russia is a Russian leasing company focusing on the leasing of equipment and heavy vehicles primarily targeting the SME sector with a nation-wide coverage that includes Moscow, St. Petersburg, Urals region and Siberia. The Company is a 100% subsidiary of UniCredit Group.

EBRD Finance

Five year Rouble-denominated loan facility.

Project Cost

Rouble 1.2 billion.

Environmental Impact

Categorised FI in accordance with EBRD's 2008 Environmental and Social Policy. UCLR will be required to comply with the EBRD's Performance Requirements for FIs (PR2 and 9), implement EBRD's Environmental and Social Procedures for Leasing, and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

http://www.unicreditleasing.ru

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

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