OREANDA-NEWS. July 28, 2011. BSTDB provided a USD 20 million medium-term SME Leasing Facility to Europlan, a leading leasing finance company in Russia. The Facility will be used to finance leasing of capital goods, mainly equipment, vehicles, and machinery, to small and medium-sized companies (SMEs) in Russia, reported the press-centre of Europlan.

The operation has a high development impact improving access for Russian SMEs to much-needed leasing finance facilities.

“We are glad to continue our successful cooperation with Europlan in this important market segment.  As a development bank, BSTDB gives priority to supporting the SME sector development. Leasing financing represents one of the most efficient tools to support SMEs, complementing our special SME credit lines provided to Russian banks” said Andrey Kondakov, BSTDB President signing the loan agreement in Moscow.

Europlan has a successful credit history with BSTDB. Since 2003, BSTDB provided USD 57 million in total to the Company for SME leasing financing.