Russia Leasing Company

completed

Summary Of Project Information (SPI)Project Name:Russia - Russia Leasing CompanyRegion:Europe IISector:Project No:009433Projected Board Date:April 8, 1999Company Name:Russia Leasing CompanyTechnical Partner and/or Major Shareholders Deutsche Leasing AGProject Cost Including proposed IFC investment Project Cost: US$12 million; IFC Investment: US$3.6 million, including US$600,000 equity and a US$3 million A-Loan.Location of project and Description of site Russia Leasing Company (RLC) will be incorporated under Russian law and headquartered in Moscow, Russia.Description of Company and Purpose of Project The project will assist the development of the private sector in the Russian Federation through lease financing and related services to the agricultural, commercial, construction, energy, industrial, mining, professional and transport sectors. The project will provide critical medium-term capital financing for private enterprises at a time when practically no alternatives exist, especially bank financing, due to the recent economic/financial crisis in Russia.Environmental Category and Issues This is a Financial Intermediary (FI) Type 1 project according to IFC''s environmental review procedure. RLC will be required to conduct environmental reviews of relevant operations to ensure that investments are consistent with Russian Federation environmental, health and safety requirements. In addition, RLC will be required to submit an annual environmental performance report.The is from the InfoShop.Date SPI sent to InfoShop:     March 8, 1999“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384