Project description
and objectives:
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The original project was a €50 million Framework Facility to be extended to
the subsidiaries of Bank Austria Creditanstalt in EBRD's countries of
operation. The total value of the Facility up to EUR 100 million to recognise
the merger between the HVB and Bank Austria Creditanstalt including all the
group network banks and leasing companies in the Facility. The individual
credit lines under the revised structure of the Facility will be either senior
or subordinated loans with maximum maturity up to 15 and 10 years
respectively. The financing will be provided to support the network banks' and
leasing companies expansion in their respective markets by enhancing their
capital base and lending capacity. The Framework approach will ensure better
efficiency and responsiveness to clients' needs.
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Sub-projects:
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- Bank Austria/HVB FW - HVB Bank Croatia (senior loan)
- Uni Credit Tiriac Romania
- BACA - UniCredit Bank Serbia Mortgage Loan
- BACA - UniCredit Bank Serbia Mortgage Loan II
- BACA - UniCredit Bank Serbia Mortgage Loan III
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Transition impact:
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Transition Impact potential derives primarily from increasing capability of
the group network banks and leasing companies to expand their activities in
the EBRD's countries of operation. By following international standards in
their operations the network institutions also provide a demonstration effect
to other market participants promoting the provision of high quality financial
services in the region. Furthermore, the funding provided under the Framework
will stimulate much needed long-term financing for the private sector and
retail market in the respective countries.
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The client:
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The beneficiaries under the Framework will the subsidiaries of Bank Austria
Creditanstalt AG of Austria in the EBRD's countries of operation. The initial
target countries are envisaged to be Croatia, Romania, Ukraine and Russia, but
the Framework is expected to be expended to include other countries where both
Bank Austria Creditanstalt and EBRD operate.
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EBRD finance:
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The Framework has a value of € 100 million, and the individual credit lines
extended under the Framework are envisaged to be € 10 - 20 million.
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Total project cost:
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€ 100 million.
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Environmental impact:
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Subsidiaries participating in the Framework will apply EBRD's environmental
procedures for local banks to all transactions supported through the
Framework. In implementing these procedures, participating banks will require
their borrowers to comply, at a minimum, with national health, safety,
environmental and public consultation requirements. Each subsidiary will
submit annual environmental reports to EBRD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Nora Kocsis, Operation Leader: kocsisn@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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