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Europlan II

Russia | Financial Institutions

Identification Code:: OP/05/0482
Total Operation Cost:: — USD
Maturity:: 37 months
Operation Status:: BSTDB Approved Amount – Approval Date

11.000.000 USD – 22 Apr 2005
: BSTDB Signed Amount – Signed Date

11.000.000 USD – 11 Jul 2005
: 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:: Working with Europlan under the SME leasing facility will achive the BSTDB operational objectives. Due to the company's strong market presence and aggressive expansion strategy, BSTDB will be able to reach multiple Russian SMEs and deliver the much needed medium term financing for capital expenditures to the market. The leasing facility will complement the Trade Finance and SME products offered by the Bank in Russia. Moreover, BSTDB will support one of the leading and reputable leasing companies in Russia at the time when the company has already proven its ability to perform and yet needs additional funding and further development. Given the early stage of Russian leasing market development, the BSTDB's facility would have an important demonstration effect, improving the leasing companies’ ability to borrow from the international markets. This way the Bank will promote the institutional building of the leasing sector in Russia.
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