Societe Generale Leasing Serbia - SME Credit Line

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 45580

Status Complete

Location

Serbia

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 45580

Status Complete

Location

Serbia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

12 Nov 2013

Disclosure date

23 Sep 2013

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."

Translated version of this PSD: Serbian

Project Description

The EBRD is considering a senior loan to Sogelease Srbija d.o.o Beograd (“SGL” or the “Company”), a subsidiary of Societe Generale Bank Serbia (“SGS” or the “Parent”).

The project aims to support small and medium-sized enterprises (SMEs) by increasing the availability of long-term financing for purchasing equipment and commercial vehicles. Furthermore, the EBRD will support SGL in diversifying its funding base as part of its broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact will stem from expanding long-term leasing financing to SMEs, particularly outside the capital, for purchasing commercial vehicles and equipment.

Additionally, the project will make a contribution towards lengthening SGL’s funding base to match the tenor of the underlying leases and going forward, accessing sustainable sources of financing.

The Client

SGL is the seventh largest leasing company in Serbia as of end-March 2013 with a market share of 6.8% in terms of total assets. The Company is specialised on leases to SMEs with a strong foothold in equipment and commercial vehicle leasing.

EBRD Finance

Senior loan of up to EUR 20 million to be disbursed in two tranches.

Project Cost

EUR 20 million.

Environmental Impact

Categorised FI. SGL will be required to comply with EBRD's PR 2 and PR 9 and submit annual reports on environmental & social matters and the implementation of the PRs to EBRD.

Technical Cooperation

None.

Company Contact

Sogelease Srbija d.o.o
Nadja Kostic
Email: nadja.kostic@socgen.com
Phone: +381 11 222 1 361

Transition impact

ETI Score:60

PSD last updated

09 Apr 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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