Unicredit Leasing Serbia II

Location:

Serbia

Project number:

45062

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

01 May 2013

Status:

Complete

PSD disclosed:

26 Mar 2013

Translated version of this PSD: Serbian

Project Description

The proposed project will support UniCredit Leasing Serbia, a leading leasing provider in Serbia, to extend lease financing to private SMEs in Serbia. The proceeds of the loan will be used by UniCredit Leasing Serbia to provide long-term leases to private SMEs for acquiring machinery and equipment in industries such as manufacturing and renewable energy.

Transition Impact

The credit line will contribute to the transition process by expanding the leasing market in Serbia, which has not been able to recover from the impact from the financial crisis since 2008. EBRD’s funding will also support the development of equipment and machinery leasing, which is under-developed in Serbia compared auto-leasing. The proceeds of the loan will be also used for leasing for renewable energy projects, currently a new segment of the market.

The Client

UniCredit Leasing Serbia is one of the leading leasing companies in Serbia. As of 30 September 2012, UniCredit Leasing Serbia’s total assets amounted to EUR 53.9 million. UniCredit Leasing Serbia was the third largest leasing company in Serbia with a market share of 8.2% measured by total assets as of 30 September 2012.

EBRD Finance

Long-term loan of EUR 15 million.

Project Cost

EUR 15 million.

Environmental Impact

Categorised FI. UniCredit Leasing Serbia will be required to comply with EBRD’s l Performance Requirement (“PR”) 9 when making local leases, conduct their business in accordance with PR 2, implement the EBRD’s E&S Procedures for Leasing and submit Annual Environmental and Social Reports to the Bank. Lessees will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None.

Company Contact

Mr. Zeljko Lazarac
E-mail: zeljko.lazarac@unicreditleasing.rs
Tel: + 381 11 3093 511

 

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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