EKSIMBANKA - EQUITY INVESTMENT

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 24759

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 24759

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

18 Dec 2001

Disclosure date

01 Mar 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Equity investment in Eksimbanka. Eksimbanka is a bank that was incorporated in 1991 in FR Yugoslavia. The main purpose of the investment is to re-capitalise and restructure the bank.

Project objectives:

Support institutional strengthening,
Promote expansion of healthy loan book with increasing maturities, and
Development and delivery of new banking products.

Transition Impact

Promoting the growth of a creditworthy local existing bank would increase depositors' and other investors' confidence in the banking sector and would help to develop healthy competition in the sector.

The Client

Eksimbanka is a well-positioned medium to small-sized bank that provides banking services to SMEs as its main customers. The bank was established on December 25, 1991 as a subsidiary of Investbanka a.d. Beograd. At that time the bank mostly serviced large state and socially owned companies – the clients of Investbanka. In 1995 Eksimbanka started independent operations and after lifting of the sanctions in 1996, it started regular banking services for corporate customers. The principal business orientation was changed to servicing private SMEs. The shareholder structure of the bank was reformed in 1998, when SMEs became the dominating shareholder group of the bank, owning 60 per cent of the share capital.

EBRD Finance

Restructure/recapitalisation of Eksimbanka, involving the purchase of new issued shares. A tailored twinning/institutional building programme will also be implemented.

Project Cost

€1.5 million - €2.2 million.

Environmental Impact

Eksimbanka will carry out its operations in accordance with EBRD’s Environmental Procedures for Local Banks. In implementing these procedures, Eksimbanka will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

Total funding requirement is in the order of €1.8 million.

Company Contact

Transition impact

ETI Score:100

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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