RAIFFEISEN BANK D.D. BIH-SYNDICATION

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 34559

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 34559

Status Complete

Location

Bosnia and Herzegovina

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

25 Nov 2003

Disclosure date

07 Aug 2003

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 €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.

Transition Impact

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.

The Client

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.

EBRD Finance

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).

Project Cost

Up to €45 million

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Raiffeisen Bank Bosnia and Herzegovina
Michael Müller
Tel: +387 33 287 102; Fax: +387 33 206 128
Email: ibaamgm@rbb-sarajevo.raiffeisen.at

Transition impact

ETI Score:60

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.

Our story

How we invest in changing lives

What we offer for businesses

Search