Summary of Proposed Investment
Project Number
9433
Company Name
DOICHE LIZING VOSTOK, AO
Date SPI Disclosed
Mar 8, 1999
Country
Russian Federation
Industry
Financial Markets
Status
Completed
Sector
Leasing Services
Department
Regional Industry FIG LAC & EUR
Environmental Category
FI
Previous Events
Approved : Jun 18, 1999
Signed : Dec 9, 1999
Invested : Dec 10, 1999
Project Description
Summary Of Project Information (SPI)
| Project Name: | Russia - Russia Leasing Company |
Region:Europe II
Sector:
Project No:009433
Projected Board Date:April 8, 1999
Company Name:Russia Leasing Company
Technical Partner and/or Major Shareholders
Deutsche Leasing AG
Project Cost Including proposed IFC investment
Project Cost: US$12 million; IFC Investment: US$3.6 million, including US$600,000 equity and a US$3 million A-Loan.
Location of project and Description of site
Russia Leasing Company (RLC) will be incorporated under Russian law and headquartered in Moscow, Russia.
Description of Company and Purpose of Project
The project will assist the development of the private sector in the Russian Federation through lease financing and related services to the agricultural, commercial, construction, energy, industrial, mining, professional and transport sectors. The project will provide critical medium-term capital financing for private enterprises at a time when practically no alternatives exist, especially bank financing, due to the recent economic/financial crisis in Russia.
Environmental Category and Issues
This is a Financial Intermediary (FI) Type 1 project according to IFC''s environmental review procedure. RLC will be required to conduct environmental reviews of relevant operations to ensure that investments are consistent with Russian Federation environmental, health and safety requirements. In addition, RLC will be required to submit an annual environmental performance report.
The is from the InfoShop.
| Date SPI sent to InfoShop: | March 8, 1999 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Sponsor / Cost / Location
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