MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $14m to Rosbank Leasing (RBL) of Russia for On-lending to Small and Medium-Sized Enterprises (SMEs)
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Saturday, February 1, 2014

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $14m to Rosbank Leasing (RBL) of Russia for On-lending to Small and Medium-Sized Enterprises (SMEs)

» Posted by in Category: Deals,Eastern Europe and Central Asia at 12:03 am

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a 5-year senior loan of RUB 500 million (USD 14.4 million) to Rosbank Leasing (RBL), the leasing subsidiary of Rosbank, a Russia-based commercial bank. RBL, which offers equipment, transportation and vendor financing services, intends to use the loan to expand its financing activity, targeting small and medium-sized enterprises.

RBL operates approximately 100 retail outlets in Russia and as of June 2013 reported total assets of USD 185 million [2]. As of fiscal year-end 2012, Rosbank reported RUB 798 billion (USD 23 billion) in total assets, return on assets of 1.0 percent and return on equity of 7.3 percent. In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects across 34 countries.

By A’kos Szebeni, Research Associate

About European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries, and it is owned by 61 countries as well as the European Investment Bank and the European Union as of 2012. It aims to finance operations that are both commercially viable and assist development in 34 countries in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects across 34 countries.

About Rosbank Leasing (RBL)

Rosbank Leasing (RBL) is a Russia-based financial institution offering lease and vendor financing for small and medium-sized enterprises. RBL was established in 2003 and is a wholly owned subsidiary of Rosbank Group, a Russian commercial bank. RBL operates approximately 100 retail outlets in Russia and reported total assets of USD 185 million as of June 2013.

About Rosbank

Rosbank is a Russia-based commercial bank offering a range of banking, investment, mortgage and leasing services to retail, commercial and wholesale clients. Rosbank has approximately 600 outlets in 340 cities in Russia and also has operations in Ukraine and Switzerland. As of fiscal year-end 2012, Rosbank reported RUB 798 billion (USD 23 billion) in total assets, return on assets of 1.0 percent and return on equity of 7.3 percent.

Sources and Additional Resources:

[1] European Bank for Reconstruction and Development (EBRD), “EBRD long-term loan to Russia’s Rosbank Leasing,” http://www.ebrd.com/pages/news/press/2014/140121a.shtml

[2] European Bank for Reconstruction and Development (EBRD), “Rosbank Leasing SME Loan,” http://www.ebrd.com/english/pages/project/psd/2013/45318.shtml

MicroCapital, January 18, 2014, “European Bank for Reconstruction and Development (EBRD) to Loan $2m to FINCA Jordan for On-Lending to Micro-, Small Enterprises (MSEs),”
http://www.microcapital.org/european-bank-for-reconstruction-and-development-ebrd-to-loan-2m-to-finca-jordan-for-on-lending-to-micro-small-enterprises-mses/

MicroCapital, December 27, 2013, “European Bank for Reconstruction and Development (EBRD) May Loan $27m to Tunisie Leasing to Support On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs) in Tunisia,” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-may-loan-27m-to-tunisie-leasing-to-support-on-lending-to-micro-small-medium-sized-enterprises-msmes-in-tunisia/

MicroCapital, November 21, 2013, “International Finance Corporation (IFC) Loans $31m to Fullerton Credit to Support Small, Medium-Sized Enterprises (SMEs) in China,”
http://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-loans-31m-to-fullerton-credit-to-support-small-medium-sized-enterprises-smes-in-china/

MicroCapital, October 4, 2013, “European Bank for Reconstruction and Development (EBRD) Considers Lending $23.5m to Russia’s Transcapitalbank for Residential Energy Efficiency,”
http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-considers-lending-23-5m-to-russias-transcapitalbank-for-residential-energy-efficiency/

MicroCapital, July 9, 2013, “European Bank for Reconstruction and Development Loans $80m to Turkey’s Yapi Kredi for SME Energy Efficiency Projects,” http://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-loans-80m-to-turkeys-yapi-kredi-for-sme-energy-efficiency-projects/

MicroCapital Universe Profile: European Bank for Reconstruction and Development (EBRD), http://microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Bank+for+Reconstruction+and+Development+%28EBRD%29

MicroCapital Universe Profile: Rosbank Leasing (RBL), http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Rosbank+Leasing

MicroCapital Universe Profile: Rosbank, http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=rosbank

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