Russian businesses benefit more from BSTDB's lease financing

News | 23-Feb-2007

Thessaloniki, 23 February 2007

Russian businesses benefit more from BSTDB’s lease financing

BSTDB is providing a USD 18 million medium-term loan to Europlan (Russia) to give entrepreneurs more access to lease finance.

This new loan builds on Europlan’s successful track record, following earlier BSTDB financings of USD 5 million in 2003 and USD 11 million in 2005. With this loan, Europlan will grow its portfolio and provide leasing financing of capital goods, such as equipment, vehicles and machinery, to Russian small and medium-sized companies.

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Europlan is an independent leasing company providing equipment, automobile and real estate capital lease financing to small and medium size businesses in the Russian Federation. The company has been operating in Russia since April 1999 and has grown to become one of the most active players in the Russian market. Europlan is headquartered in Moscow and operates in more than 60 regions in Russia.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters is in Thessaloniki, Greece. With an authorized capital of SDR 1 billion (approx. USD 1,45 billion), the Bank supports economic development and regional cooperation by providing financing, guarantees, and equity for projects in the public and private sectors in its member countries. BSTDB is rated Long Term Baa1 and Short Term P2 by Moody’s.