The provision of a senior loan of up to € 20 million in favour of UniCredit Bank a.d. Banja Luka (the "Company" or "UCBL") under the Resilience Framework. This project was approved as part of the Bank's response to the Covid-19 pandemic.
UCBL is one of the sytemically important banks in Bosnia and in particular in Republika Srpska. As such, the proposed project is important to maximise its financial outreach to SMEs affected by the coronavirus pandemic and which have limited access to financing required to address their liquidity or working capital needs.
ETI score: 70
The project will contribute to ensure resilience and preserve competition in the financial sector in BiH economy.
Primary quality - Resilient: The facility will help UCBL to remain an active and effective market player amid COVID-19 pandemic.
Secondary quality - Competitive: The facility will enable UCBL to continue commercial lending in line with comparable banking sector participants.
UNICREDIT BANK AD BANJA LUKA
UniCredit Bank a.d. Banja Luka (UCBL) is a universal commercial bank, organised as a joint stock company in Bosnia and Herzegovina (BiH) under the laws of Republika Srpska and majority owned by UniCredit SpA. UCBL is the 5th largest bank in BiH and the 2nd largest bank in Republika Srpska. UCBL has been a client of the Bank since 2014.
EBRD Finance Summary
Total Project Cost
COVID-19 crisis response allowing UCBL to answer the liquidity needs of its SME clients that are experiencing a decrease in activity, turnover and profitability leading to payment delays and liquidity issues for the whole economy.
Environmental and Social Summary
Categorised FI (2019 ESP). UCBL is an existing client and will be required to continue to comply with PRs 2, 4 and 9. The annual environmental and social report for 2019 will be reviewed and any potential gaps addressed before signing. UCBL will be required to continue to comply with the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans, and submit annual environmental and social reports to the Bank.
Technical Cooperation and Grant Financing
Company Contact Information
Head of ALM
+387 51 243 296
+387 51 212 830
UniCredit Bank a.d. Banja Luka, Marije Bursać 7, 78 000 Banja Luka, Bosna I Hercegovina
PSD last updated
07 Aug 2020
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
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