Black Sea Trade & Development Bank (BSTDB) is providing a US$18mn medium-term loan to Europlan (Russia) to give entrepreneurs more access to lease finance.

This new loan builds on Europlan’s successful track record, following earlier BSTDB financings of US$5mn in 2003 and US$11mn in 2005.

With this loan, Europlan will grow its portfolio and provide leasing financing of capital goods, such as equipment, vehicles and machinery, to Russian small and medium-sized companies.