Ohridska Banka - SME CL 2012

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43495

Status Complete

Location

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 43495

Status Complete

Location

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

17 Apr 2012

Disclosure date

16 Mar 2012

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 a €10 million loan to Ohirdska Banka (‘OB’) to support bank’s growth strategy in FYR Macedonia and maintain the availability of financing for Macedonian small and medium-enterprises.

The proceeds of the EBRD loan will enable OB to expand its activity in sectors which are believed to have most potential and in Macedonian regions where OB is yet to strengthen its presence to the benefit of local enterprises.

The loan will be extended in two tranches of €5 million, the second tranche will be uncommitted.

Transition Impact

The Loan will support OB’s plans for both regional and sector expansions.

The Client

Ohridska Banka is the fourth largest bank in FYR Macedonia with Total Assets of €395 million as of 30 Sep 2011 and a network consisting of 28 branches.

Societe Generale is the dominant shareholder and holds 70 per cent of Ohridska’s capital.

EBRD Finance

€10 million in two tranches of €5 million, the second tranche will be uncommitted.

Project Cost

€10 million.

Environmental Impact

Categorised FI. OB will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.

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.

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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