Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Bulgaria
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Disbursing
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-09-21
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Raiffeisen Leasing Bulgaria
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 55.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 50,000,000.00
Converted using 2016-09-21 exchange rate.
Project Cost (USD): $ 55.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 50,000,000.00
Converted using 2016-09-21 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-10
Disclosure Date: 2016-08-16
FIF - Raiffeisen Leasing Bulgaria Loan
EBRD-48534

Project Description
This project funds Raiffeisen Leasing Bulgaria in supporting privately-owned micro, small and medium sized enterprises in Bulgaria, to finance the lease of equipment, trucks and trailers, light commercial vehicles and fleet transactions with passenger cars.
Investment Description
Contact Information
Vasil Koshnicharov vasil.koshnicharov@rlbg.raiffeisen.bg +359 2 4919300 +359 2 9742057 www.rlbg.bg Raiffeisen Leasing Bulgaria OOD 32A, Cherni vrah Blvd., floor 6 1407 Sofia, Bulgaria ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.