FIF - Intesa Leasing Serbia II (EBRD-47835)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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.
Voting Date
Nov 11, 2015
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
Intesa Intesa Leasing d.o.o Beograd
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 16.10 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 15.00 million
Converted using 2015-11-11 exchange rate.
Project Cost (USD)
$ 16.10 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 15.00 million
Converted using 2015-11-11 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 28, 2018

Disclosed by Bank Oct 13, 2015


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Project Description

This project finances support for micro, small and medium-sized enterprises by increasing the availability of long-term lease financing for purchasing equipment, commercial vehicles, and real estate for commercial purposes.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

Intesa Leasing d.o.o Beograd (ILS) is a subsidiary of Banca Intesa a.d. Beograd, the largest bank in Serbia. As of end-March 2015, ILS is one of the leading leasing companies in Serbia with a market share of 12.3% in terms of total assets. ILS is specialised on leases to micro, small, and medium-sized enterprises with a strong foothold in equipment and commercial vehicle leasing.

Contact Information

Company Contact Information
Slavko Dukic, CFO
slavko.dukic@intesaleasing.rs
+381 11 2025 416
+381 11 2025 433
www.intesaleasing.rs
INTESA LEASING doo Beograd Cara Urosa 54 Belgrade, Serbia

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.