Project description
and objectives:
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The EBRD and the United States of America (US) will establish an SME Finance Facility to provide funding and technical assistance to banks, for on-lending to SMEs in south eastern Europe.
The main project objective is to provide financing to SMEs through financial institutions in the countries of south-eastern Europe. The facility will provide training for FIs as well as fund the EBRD’s efforts to remove legal/regulatory impediments to SME finance.
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Sub-projects:
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- US/EBRD SME - ProCredit Bank Ukraine
- US/EBRD SME - ProCredit Bank Bulgaria
- US/EBRD SME - ProCredit Bank Bosnia
- US/EBRD SME - ProCredit Bank Bosnia
- US/EBRD SME - ProCredit Bank Romania
- US/EBRD SME - ProCredit Bank Macedonia
- US/EBRD SME - ProCredit Bank Bosnia
- US/EBRD SME - Banca Romaneasca
- US/EBRD SME - ProCredit Bank Bosnia
- US/EBRD SME - ProCredit Bank Serbia
- US/EBRD SME - ProCredit Bank Romania
- US/EBRD SME - ProCredit Bank Bulgaria
- US/EBRD SME - ProCredit Bank Ukraine
- US/EBRD SME - Opportunity Bank (Montenegro)
- US/EBRD SME - Alter Modus
- US/EBRD SME - ProCredit Bank Serbia
- US/EBRD SME - ProCredit Bank Romania
- US/EBRD SME - ProCredit Bank Bulgaria
- US/EBRD SME - ProCredit Bank Bosnia
- US/EBRD SME - Alter Modus
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Transition impact:
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The facility is expected to have a strong transition impact by focusing on countries where there are significant impediments to the development of SMEs, including poor access to finance. The TC component will focus on alleviating the impediments, including poor provision of finance by local intermediaries, while the investment component will provide necessary term funding.
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The client:
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Clients will be financial intermediaries (FIs) in the countries of south-eastern Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia and Romania). A cooperation fund will assist FIs in Kosovo. FIs will be selected on the basis of their commitment to lending to micro, small and medium-sized enterprises (SMEs) and on their financial soundness. The facility may later assist FIs in other countries.
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EBRD finance:
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The EBRD will provide bank-to-bank loans totaling US$ 100 million. The US will provide US$ 50 million to establish the EBRD SME Special Fund, which will provide technical cooperation as well as loans to the participating banks. Approx. US$ 25 million will be available under the facility for the 12-month period starting 1 July 2000.
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Total project cost:
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US$ 150 million (€168 million).
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Environmental impact:
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Financial institutions included in the facility will be required to apply the EBRD’s Environmental Procedures for Financial Intermediaries to all loans and investments supported through the facility. In implementing these procedures, the financial intermediaries will assess potential environmental issues associated with client SMEs, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
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Technical
cooperation:
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For details on the procurement of consultant services financed by technical cooperation funds, see Procurement opportunities.
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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Jana Sivcova, Operation Leader: sivcovaj@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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