RZB Leasing Romania - SME Credit Line

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The proposed project is to make available to RLR an SME credit line with a maturity of 5 years to be used to provide lease financing for Romanian SMEs, specifically for equipment, light commercial vehicles, trucks and trailers, cars for commercial use, and real estate. The facility is building on the success of the first EU/EBRD Leasing Facility which was successfully implemented by RLR and proves the commitment of the company to further finance the SME sector without EU support. The main rationale for the Bank’s involvement in this project is to increase the availability of lease financing on longer maturity for purchase and replacement of fixed assets by Romanian SMEs, to promote competition in the sector and have a significant demonstration effect across the financial markets. The transition impact is derived from the increase of access of SMEs located all over Romania to long-term financing that is suitable for equipment and truck and trailers financing. Through a network of 16 branches, RLR has the ability to serve local SMEs from all over Romania. A healthy leasing industry will assist in bringing increased flows of financing to the productive sector of the economy, thereby facilitating growth of domestic production. The Bank is looking to support leasing companies that are able to compete on the basis of quality of service, responsiveness to clients, and speed of decision-making. Raiffeisen Leasing Romania (“RLR”), majority owned by Raiffeisen Leasing International, part of Raiffeisen International (“RI”). As of end-2006, RLR had total assets of EUR 226.6 million, total portfolio of EUR 201.6 million, and total equity of EUR 18.5 million. The market share based on total assets as of end-2006 was 6%, placing RLR within the top five players on the Romanian leasing market. Credit line of EUR 15 million. EUR 15 million. RLR is required to comply with the EBRD’s Environmental Procedures for Leasing, which includes adherence to the Bank’s Environmental Exclusion and Referral List. Lessees are required to comply with national standards for environment, health, safety and labour. RLR will submit an annual environmental report to the Bank. None. Raiffeisen Leasing Romania Contact: Diana Comanici, Head of Treasury & Liquidity Email: diana.comanici@raiffeisen-leasing.ro Phone: ++40 21403 33 28 Fax:   ++40 21403 32 99