The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, is supporting the diversification of financial services available to small and medium-sized companies in Poland with a loan of PLN 80 million (approximately USD 28.6 million) to Masterlease, a provider of car leasing and fleet services, to support further growth of the company’s portfolio and customer base.The project seeks ensure better access of local companies to financing of vehicles, while improving company’s access to debt markets.
Masterlease operates 17 branches in Poland providing products such as car fleet management and serving 11,000 micro-, small and medium-sized enterprises (MSMEs). Financial data is unavailable for Masterlease.
By Witt Gatchell, Research Associate
About the European Bank for Reconstruction and Development (EBRD):
The European Bank for Reconstruction and Development (EBRD) is a development finance institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries and is now owned by 61 countries as well as the European Investment Bank and the European Union. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe and Central Asia. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses as well as commercial banks and non-bank microfinance institutions (MFIs). As of the end of 2008, EBRD has operating assets worth EUR 5.2 billion, the equivalent of over USD 7 billion. Operating assets for fiscal 2009 are EUR 6.1 billion (USD 8 billion).
Sources and Additional Resources:
[1] European Bank for Reconstruction and Development, “EBRD supports further development of leasing services in Poland” http://www.ebrd.com/pages/news/press/2010/101011.shtml
MicroCapital’s Microfinance Universe profile: European Bank for Reconstruction and Development (EBRD)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Eur…
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/.
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