The company will use the loan to finance new leases to energy efficiency projects, particularly to UCLR’s small and medium-sized enterprise (SME) clients in industry and agriculture, including those located outside the Moscow region.
Earlier, in 2011, the EBRD had lent RUB1.2bn to the company to provide leasing finance to SMEs for equipment and heavy vehicles.
Georgy Orlov, the EBRD’s Director for Financial Institutions in Russia, said: "Improving energy efficiency is one of the priority areas for the EBRD in the Russian financial sector. We have already invested over €100m in similar projects. Working with UniCredit Leasing Russia represents another successful step in our efforts to help companies cut their energy use."
Andrey Okhrimenko, Financial Director for UniCredit Leasing Russia, said: "EBRD financing will not only help us increase SME leasing for energy efficiency, but is also, in a way, a mark of quality of UCLR’s development strategy."
