Financed ProjectsBM Leasing AD SME I

Identification Code:

OP/07/0647

Total Operation Cost:

0

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

BSTDB's loan is used to expand the company’s leasing operations with small and medium sized companies and entrepreneurs in Bulgaria. This is the first BSTDB loan provided to BM Leasing AD.

Countries of Operation:

Bulgaria (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

BM Leasing AD was initially established on 9 April 2003 and its main business is leasing of machinery, manufacturing equipment, light and heavy vehicles, specialized transport equipment, real estate.

Co-Financiers/Participants:

Guarantors/Sponsors:

Emerging Europe Leasing and Finance (EELF) B.V., (the parent company) and ultimate sponsor is Balkan Accession Fund (BAF).

Developmental and Regional Cooperation Impact:

Due to the company's market presence and strong support from its shareholders, the Facility will represent a good opportunity for BSTDB to extend long term funding to Bulgaria's developing leasing industry, as well as to numerous small and medium-sized enterprises in Bulgaria.

Environmental Classification and Impact (summary):

The Borrower is required to undertake environmental assessment of the sub-loans with medium and high environmental risk, as well as ensure proper monitoring of these operations;ensure compliance of the sub-loans with applicable national EH&S requirements; continue to adhere to the Bank’s Environmental Exclusion List and Negative List of Goods; and submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org