Europlan - RUB loan

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Translated version of this PSD: Russian The EBRD is considering providing a senior loan of RUB 1.5 billion to Europlan, one of the leading providers of financial leases to small and medium-sized enterprises (SMEs) in Russia. The funds will be used by Europlan for extending local currency lease products to SMEs in 72 regions of Russia. The transition impact potential of the Project arises from support of an important market participant. The financial crisis has negatively affected the leasing market and most leasing companies have curtailed their operations although recent indications are that the demand for new business is increasing, especially for leases in local currency. The proposed transaction will provide a strong demonstration effect through support of an independent leasing company which serves a broad range of SMEs in 72 regions and which has managed itself well during the crisis. The Project will also strengthen the development of private companies by promoting financial intermediation and increasing the level of available medium-term funding, primarily to the SME sector. Europlan, headquartered in Moscow, has 42 offices, a presence in 72 regions and provides lease financing solutions to successful Russian SMEs. RUB 1.5 billion loan on a maturity of 7 years. RUB 1.5 billion. Europlan will be required to comply with EBRD’s Environmental Procedures for Leasing which require adherence to the Bank’s Environmental Exclusion and Referral List, compliance with the applicable national environmental, health and safety requirements and submission of an annual environmental report to the EBRD. None. Pierre De La Baume, Director, Capital Markets E-mail: plb@europlan.ru