ERSTE & STEIERMAERKISCHE BANK D.D., RIJEKA

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 27066

Status Complete

Location

Croatia

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 27066

Status Complete

Location

Croatia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

11 Jun 2002

Disclosure date

10 May 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

A proposed € 20 million senior loan that would allow Erste and Steiermärkische Bank d.d. (ESB) to expand its lending operations and to provide medium to long-term funding to small and medium-sized companies in Croatia. To expand ESB's lending operations in the SME sector and to provide medium to long term funding to small and medium-sized companies in Croatia.

Transition Impact

By supporting ESB and increasing the term funding available to the SME sector, which has a higher growth rate, the EBRD contributes to private sector development in Croatia. This leads to increased competition and entrepreneurship promotion. Transition impact also derives from improving local employee skills by supporting an institution strongly committed to the local market. This should have a long-lasting effect on the Croatian financial sector.

The Client

ESB is the eighth largest bank in Croatia with approximately €667 million in assets. The bank's consolidated market share of total banking assets is around 4 per cent.

EBRD Finance

€20 million senior loan.

Project Cost

€20 million.

Environmental Impact

ESB will follow the EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, ESB will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:75

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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