RUSSIA EBRD
November 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is making its largest ever loan to the leasing sector in Russia, lending US$150 million to Austria's Raiffeisen-Leasing for on-lending to Russian businesses. The focus of the loan will be enabling construction, telecommunications and transport companies companies lease industrial equipment and vehicles. The package is designed to "encourage competition and spread leasing beyond Moscow and St Petersburg", said the EBRD.In a complex deal, US$50 million has come from the EBRD's own coffers, ...
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