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UniCredit Leasing Revolv Facility & RATP

Romania | Financial Institutions

Identification Code:: OP/02/0128
Total Operation Cost:: — USD
Maturity:: —
Operation Status:: BSTDB Approved Amount – Approval Date

5.500.000 USD – 15 Nov 2002

1.500.000 USD – 19 Sep 2003

2.500.000 USD – 24 Sep 2004
: BSTDB Signed Amount – Signed Date

-6.000.000 USD – 28 Sep 2005

1.500.000 USD – 24 Sep 2003

2.500.000 USD – 18 Nov 2004

5.500.000 USD – 31 Jan 2003
: Status:
Completed
Description and Purpose of the Operation:: Medium-term credit line for SME Leasing Facility.
Countries of Operation:: Romania (100,00%)
Financial Product:: Trade Finance,SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Demir Romlease S.A. is one of the most reputable leasing companies in Romania with an estimated 20% market share in equipment leasing in the country. The Company is owned by Unicredito Italiano, IFC, DEG (Germany), FMO (Netherlands), and SIF Muntenia (Romania) who provide equity, funding, and management expertise support. The Company has developed an efficient leasing franchise and is well positioned to deliver BSTDB's financing to end-users - Romanian SME's - through an established distribution network.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: BSTDB's financing will have multiple positive effects: - contribute to the development of the SME sector in Romania; - financing trade in capital goods between the Member Countries (Turkey and Romania); - support of socially important project of regional municipality in Romania; - improved efficiency of operations of RATP - public transportation company - thanks to reduction of fuel, spare parts, and maintenance costs; - positive effect on environment thanks to use replacement of old buses with modern ones complying with European environmental standards.
Environmental Classification and Impact:: The Project will not have negative environmental impact and is in compliance with the Bank's Environmental Policy.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org