Credit Line to the Deposit Insurance Agency of BiH

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 38899

Status Cancelled

Location

Bosnia and Herzegovina

Business Sector

Notice Type

State

Project ID 38899

Status Cancelled

Location

Bosnia and Herzegovina

Business Sector

Notice Type

State

Environmental Category

Approval Date

08 Sep 2009

Disclosure date

27 Feb 2009

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 EBRD is considering providing the Deposit Insurance Agency of Bosnia and Herzegovina with a stand-by credit line in the amount of EUR 50 million. The Agency would be permitted to drawdown funds from this credit line under certain pre-agreed conditions with the purpose of making funds available to pay out to depositors.

The aim of the credit line is to increase confidence in the country’s financial sector by enabling the Agency to increase deposit insurance coverage to 50’000 KM, in response to recent increases in Deposit Insurance Coverage in neighbouring countries.

The product has been designed to allow the Agency to accumulate funds safely over time without placing undue pressure on the banking system. It is designed to expire once the Agency no longer requires EBRD support.

Transition Impact

Customer deposits are a key source of funding for the banking system. A well functioning deposit insurance scheme is a key component of a country’s financial infrastructure and helping the development of such schemes that engender trust in the financial system is a key priority.

In Bosnia and Herzegovina the deposit insurance scheme was established only recently, with a donation from USAID and KfW. The deposit insurance scheme has worked well so far and the authorities’ decision to increase the deposit insurance coverage in order to catch up with neighbouring countries was a necessary development in the current environment. The EBRD support will provide further stability to the system and strengthen the Agency.

The Client

The Agency is an independent, non-profit legal entity designed to provide deposit insurance to all individuals that hold accounts with member banks.

EBRD Finance

A committed stand-by credit line in the amount of EUR 50 million, supported by sovereign guarantee.

Project Cost

EUR 50 million.

Environmental Impact

Not applicable.

Technical Cooperation

None.

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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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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