Project description
and objectives:
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The proposed €45 million syndicated senior loan would be used by Raiffeisen Bank d.d. Bosnia and Herzegovina (RB-BiH) to extend medium and long-term loans to its private corporate clients including SMEs.
The proposed syndicated loan will be the first-ever syndication in Bosnia and Herzegovina (BiH) and will mobilise resources from commercial banks that may otherwise be reluctant to lend to the BiH banking sector.
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Transition impact:
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The first-ever syndication in BiH will provide indirect support to private companies including SMEs that do not have an easy access to medium and long-term finance. The project will further support RB-BiH, the leading private bank in BiH, to diversify its funding sources by mobilising resources from commercial banks that may not otherwise be willing to enter the BiH market. The project will also have a strong demonstration impact by helping the market leader in the BiH banking sector that is willing to adopt best international banking practices and embrace required changes.
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The client:
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Raiffeisen Bank d.d. Bosnia and Herzegovina is the largest bank in BiH and was established in 1992 as Market Banka d.d. Sarajevo. The bank was renamed in 2000 when it was acquired by Raiffeisenbank Austria who currently holds 94% of RB-BiH with the EBRD being the second shareholder.
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EBRD finance:
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Up to €45 million syndicated senior loan under an A/B structure. The EBRD is expected to retain up to €15 million for its account (the A-Loan). The balance of up to €30 million will be syndicated to commercial banks (the B-Loan).
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Total project cost:
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Up to €45 million
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Environmental impact:
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RB-BiH will continue to carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing procedures, RB-BiH will require its borrowers to comply, at a minimum, with national/local health, safety, environmental and public consultation requirements. RB-BiH will continue to report to EBRD on environmental, health and safety performance of its sub-loans.
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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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Raiffeisen Bank Bosnia and Herzegovina
Michael Müller
Tel: +387 33 287 102; Fax: +387 33 206 128
Email: ibaamgm@rbb-sarajevo.raiffeisen.at
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EBRD contact:
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Zahida Karic, Operation Leader: karicz@sjo.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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