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Europlan I

Russia | Financial Institutions

Identification Code:: OP/03/0388
Total Operation Cost:: — USD
Maturity:: 36 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 USD – 31 May 2003
: BSTDB Signed Amount – Signed Date

5.000.000 USD – 27 Nov 2003
: Status:
Completed
Description and Purpose of the Operation:: Support the development of the leasing and SME private sector in Russia
Countries of Operation:: Russia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Europlan (formerly Delta Leasing) was established as part of the financial group Delta Capital founded in 1999. It provides equipment, automobile and real estate capital lease financing to small and medium size businesses in the Russian Federation. The company has been operating in Russia since April 1999 and is believed to have one of the greatest national penetration of any leasing organization in Russia. Since 1999, the Company has grown to become one of the most active players in the Russian market of leasing services to small and medium sized businesses. The company operates in more than 40 regions in Russia and has its headquarters in Moscow.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: - Institutional development of Europlan, resulting in further business growth, improved liquidity and client service. - Medium-term funding of capital expenditures of Russian SMEs. - Job creation, income generation, improved company infrastructure increased trade turnover, including between BSTDB member countries.
Environmental Classification and Impact:: Europlan's environmental performance has proved to be satisfactory to BSTDB and also to domestic legal requirements. Europlan is required to follow the BSTDB and the Russian Federation standards and norms with respect to environmental protection and human health and safety.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org