Privredna Banka Beograd Mortgage Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 38132

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 38132

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

24 Jul 2007

Disclosure date

19 Jun 2006

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 consists of a EUR 10 million residential mortgage loan facility to Privredna Banka Belgrade (PBB or the bank). Mortgage lending plays an important part in PBB’s strategy for retail lending, and the loan will support PBB’s lending growth in the sector.

Transition Impact

The EBRD loan will increase provision of long-term funding available to the bank, allowing PBB to grow its mortgage portfolio on a sustainable basis. PBB will consolidate its experience and know-how in this area through a technical assistance programme associated to the loan. By following EBRD’s List of Minimum Standards for mortgages, PBB is committed to applying best industry practice.

The Client

PBB is a small to medium bank based in Belgrade with total assets of EUR 108.3 million, equity of EUR 32.5 million, net profit of EUR 2.9 million and market share by total assets 0.73 % as of end December 2006. PBB was founded in 1973. PBB is providing a wide range of products and services, with a specific focus on retail banking and SMEs. As of 15 May 2007, PBB had 12 branches, 9 sub-branches and 14 counters and 285 employees.

EBRD Finance

The proposed project consists of a EUR 10 million residential mortgage loan.

Project Cost

EUR 10 million.

Environmental Impact

PBB will need to implement EBRD’s Environmental Guidelines for Residential Mortgage Lending, including adherence to EBRD’s Environmental Exclusion List, compliance with national environmental, health and safety regulations, and submission on an annual basis of environmental, health and safety reports to the Bank. In particular, PBB will be required to ensure that a property survey is conducted for each sub-loan as part of its due diligence. The survey will include consideration of potential site contamination, use/presence of hazardous materials in construction, risk of flooding or seismic activity and compliance with the applicable national environmental, health and safety standards and regulations.

Technical Cooperation

Up to EUR 190,000 technical cooperation programme for mortgage lending and other institutional building measures.

Company Contact

Mr. Čedo Petrović
President of the Executive Board
PRIVREDNA BANKA A.D. BEOGRAD
Bulevar oslobođenja 4
11000 Belgrade, Serbia

Phone:(+381 11) 2641-992
Fax: (+381 11) 265-70-64
mob: (+381 64) 895-5040

E-mail: c.petrovic@pbbad.com
web: www.pbbad.com

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.

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