Financed ProjectsEuroplan IV

Identification Code:

OP/10/0782

Total Operation Cost:

0

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

Financing new and refinancing the existing lease transactions with eligible SMEs for leasing industrial equipment, commercial vehicles and real estate.

Countries of Operation:

Russia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Europlan is an active player in the Russian market of leasing services to SMEs operating in 40 regions.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have favorable economic benefits for the Russian economy. It will provide funding for capital expenditures in Russian SME sector, contribute to job creation and development of the leasing sector.

Environmental Classification and Impact (summary):

Screened as FI category. The Borrower has adopted basic environmental procedures satisfactory to BSTDB and integrated them as fully as possible into its credit/investment appraisal and monitoring process. The Borrower is required to undertake environmental assessment of the sub-leases with medium and high environmental risk, as well as ensure proper monitoring of these operations; ensure compliance of the sub- leases with applicable national EH&S requirements; follow the Bank’s Negative List of Products; and submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org