INTESA SANPAOLO BANKA BIH (F. UPI)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 25218

Status Complete

Location

Bosnia and Herzegovina

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 25218

Status Complete

Location

Bosnia and Herzegovina

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

19 Nov 2002

Disclosure date

07 Oct 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

The proposed project would consist of the EBRD's participation in UPI Banka's capital increase for an amount of around EUR 2.4 million and extension of a second credit line in the amount of EUR 2.5 million.

The capital increase is aimed at supporting UPI Banka’s medium term business plan and revised strategy, which envisages an increase in lending activities, branch expansion and IT system development.

The credit line will ensure that UPI Banka is able to increase its medium-term lending to the SME sector.

Transition Impact

The proposed operation will contribute to transition by supporting the implementation of UPI Banka’s new strategy and business plan. The strengthening of this financial intermediary is important to improve the level of competition within a financial system in need of additional restructuring and consolidation. Further long and medium term lending to SMEs is also needed to ensure that financial resources provided to local enterprises are channelled within sound banking business principles.

The Client

UPI Banka was established in 1972 as part of a large holding company whose activity was production, processing and sale of agricultural products. In December 1991 the bank split from the conglomerate and was established as an independent joint stock bank. As of end-2001, UPI Banka had total assets of KM 138.9 million (EUR 71.0 million) and total equity of KM 19.1 million (EUR 9.9 million).

UPI Banka has been a client of the EBRD since 1999 through its participation in the SME Framework Facility for Bosnia & Herzegovina for an amount of EUR 2.5 million and in the Trade Facilitation Programme.

EBRD Finance

EBRD financing will consist of an equity participation of around KM 4.6 million (EUR 2.4 million) and an extension of the second SME credit line of EUR 2.5 million under the Extended SME Framework Facility for Bosnia & Herzegovina.

Project Cost

The total amount of the capital increase will be around KM 6.7 million (EUR 3.4 million). The total amount of the Extended SME Framework Facility for Bosnia & Herzegovina, which will be offered to a number of banks in the country, is EUR 15.0 million.

Environmental Impact

The financial intermediary is required to continue to comply with the Bank's environmental requirements for Financial Intermediaries which include, inter alia, (i) adopting and implementing environmental due diligence procedures; (ii) ensuring borrowers comply with national environmental, health and safety standards at a minimum; (iii) complying with the FI Exclusion List and (iv) submitting an annual environmental, health and safety report to EBRD.

Technical Cooperation

A TC project will be structured to assist UPI Banka in improving its risk management both in assets and liabilities area and credit risk (subject to separate approval by the EBRD's management).

Company Contact

Transition impact

ETI Score:90

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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