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Carcade Leasing Senior Loan

Sector: Residential • Location: Russia

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

Translated version of this PSD: Russian The EBRD is considering providing a A loan of up to RUB 600 million to “Carcade” LLC (“Carcade” or the “Company”), a Russian leasing company and a subsidiary of Polish financial services group Getin Holding SA. The Carcade will use the loan would be used by Carcade to provide financial leases for vehicles used by regional private SMEs in the Russian Federati

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Project Information

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The project “Carcade Leasing Senior Loan” is an infrastructure initiative in the Residential sector, located in Russia. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Description

Description

Translated version of this PSD: Russian The EBRD is considering providing a A loan of up to RUB 600 million to “Carcade” LLC (“Carcade” or the “Company”), a Russian leasing company and a subsidiary of Polish financial services group Getin Holding SA. The Carcade will use the loan would be used by Carcade to provide financial leases for vehicles used by regional private SMEs in the Russian Federation, in particular outside of Moscow and Saint Petersburg. The EBRD loan to Carcade will have the following transition impact: Carcade LLC ranks among top three leading auto leasing companies in the Russian Federation. The Company, which specialises in the leasing of cars/light trucks catering to the needs of SMEs, has a wide geographic coverage in the main regions of the Russian Federation. A 4 year loan of up to RUB 600 million. Up to RUB 600 million. Categorised FI. Carcade will be required to comply with the EBRD’s Performance Requirements 2 and 9, implement the EBRD’s Environmental and Social Procedures for Leasing , and submit annual environmental and social reports to the EBRD. None. Dmitry Kornienko, Finance Director, Carcade LLC Tel: +7 495 933-88-16 (ext. 11799)

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High

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URL

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