Banca Intesa Belgrade - Mortgage Line

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47781

Status Repaying

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 47781

Status Repaying

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Dec 2015

Disclosure date

23 Oct 2015

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

EBRD is providing a senior loan of up to €30 million to Banca Intesa a.d. Beograd (`BIB`) for onlending to private individuals.

Project Objectives

The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgages in Serbia.

Transition Impact

Transition impact is expected to derive from the expansion of the mortgage market in Serbia through provision of long term funding. Mortgage penetration remains low in Serbia and local banks reduced mortgage lending in recent years.

Client Information

BANCA INTESA AD BEOGRAD

Banca Intesa Belgrade is a long-standing partner of the EBRD and the largest bank in Serbia with the leading position in corporate and retail lending. With total assets of EUR 4.0bn as of 30 June 2015 it accounts for 16.2% of banking assets in Serbia. BIB has been one of the most profitable banks in Serbia for many years, thanks to good diversification and efficient operations. In retail lending, the mortgage business is one of the key products which accounts approximately 57% of the retail book.

EBRD Finance Summary

EUR 30,000,000.00

Up to €30 million available in two tranches

Total Project Cost

EUR 30,000,000.00

Up to €30 million.

Environmental and Social Summary

Categorised FI (ESP 2014): BIB an existing client and is satisfactorily implementing the EBRD's E&S requirements. It will be required to comply with EBRD`s Performance Requirement (`PR`) 9 when making mortgage loans, continue to conduct their business in accordance with PR 2 and 4, implement the EBRD`s E&S Procedures for Mortgage lending and submit Annual Environmental and Social Reports to the Bank. BIB will be required to continue to submit annual environmental and
social reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Ms. Milena Perazic
milena.perazic@bancaintesa.rs
+ 381 11 201 1402
www. bancaintesa.rs
Banca Intesa ad Beograd Milentija Popovica 7b 11070 Novi Beograd

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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