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BT Leasing

Romania | Financial Institutions

Identification Code:: OP/12/0065
Total Operation Cost:: — EUR
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

5.000.000 EUR – 01 Dec 2012
: BSTDB Signed Amount – Signed Date

5.000.000 EUR – 28 Jun 2013
: Status:
Completed
Description and Purpose of the Operation:: The provision of EUR 5 million medium-term SME Leasing Facility to support BT Leasing’s activities in financing eligible SMEs in Romania. The proceeds of Facility will be used by the Borrower exclusively for the purpose of financing new and refinancing of existing lease transactions with beneficiaries satisfying Lease Transaction Eligibility Criteria.
Countries of Operation:: Romania (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: BT Leasing Transilvania IFN SA
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The operation is in line with the BSTDB mandate and will support the development of the leasing sector in Romania by providing access of Romanian SMEs to medium-term financing. The intermediary is located in the region of Cluj Napoca, which increases the developmental impact of the operation. Furthermore, it will contribute to an increase in employment, export capacity and competitiveness, as well as have multiplier effects for other sectors of the economy. BSTDB countries are important trade partners for Romania, thus the facility may also contribute to regional cooperation.
Environmental Classification and Impact:: The assessment concludes that the Borrower is applying the EBRD's environmental risk procedures developed specifically for leasing companies and which consist of: analysis of the transaction against the EBRD Exclusion List; environmental risk analysis; and monitoring of medium and high environmental risks during the leasing period. For the purpose of this transaction BT Leasing will be required to continue to adhere to the established internal rules and procedures for environmental risk assessment; remain compliant with national environmental legislation in effect; strictly follow the BSTDB Negative List of Products and Services; and submit annual environmental performance report.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org