Moscow. 14 December The European Bank for Reconstruction and Development extended a $15 mio. loan to EUROPLAN. The funds will be transferred in three $5 mio. tranches. Repayment is to be spread over five years.
This is not the first credit agreement between the EBRD and EUROPLAN. In February 2002 the EBRD already provided EUROPLAN (by that time DeltaLeasing) with $10 mio. financing.
“The signing of this agreement is very important for us. This is the first time we receive repeated financing from a first class creditor and that proves our financial stability, perfect credit history and the right strategy on the Russian financial market”,- said Mr. Nikolai Zinoviev, President and CEO of EUROPLAN.
“The EBRD has been a major driving force behind the expansion of leasing in the Russian market and this transaction shows the market that a well-managed, transparent and properly capitalized leasing company can develop a long-term relationship with the Bank”, said Jonathan Woollett, Director of the EBRD’s Non-Banking Financial Institutions team.
Within a year, EUROPLAN has raised around $60 mio. in long-term financing from major international financial institutions. The funds were directed on increasing the company’s portfolio to confirm the leading position of EUROPLAN in providing leasing financing to SME’s. Source: Press service EUROPLAN Back to News List 
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