Framework for Financing Financial Institutions in Slovenia

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 7044

Status Complete

Location

Slovenia

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

Project timeline

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

Project ID 7044

Status Complete

Location

Slovenia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

20 Jul 1999

Disclosure date

02 Aug 1999

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

A programme for the provision of up to EUR 50 million of debt, equity and quasi-equity financing to selected banks that are private, or in the process of privatisation, in Slovenia.

The Framework’s objective is to promote the development of a market-oriented economy in Slovenia by supporting the growth, development, and strengthening of quality financial institutions. The main use of proceeds for the funding under the Framework will be: to provide additional capital, in Tier 1 and Tier 2 form, and to provide additional long-term funding to be on lent in an agreed manner.

Transition Impact

Strengthening the financial sector will ultimately be of benefit to the real economy and small and medium-sized enterprises, as it will result in both improved financial intermediation in the economy and improved financial services for individuals and enterprises. All projects will aim to assist local Slovenian banks in diversifying and strengthening their funding base, which will in turn allow the local banks to expand their operations. It is also expected that the projects will contribute to the consolidation of the financial sector in the country.

The Client

Various Slovenian banks.

EBRD Finance

The first project will be a EUR15 million subordinated loan to Nova Ljubljanska Banka. The subordinated loan will be part of the EUR 25 million subordinated debt issue of Nova Ljubljanska Banka arranged by ABN AMRO.

Project Cost

EUR 50 million framework for financial sector activities in Slovenia.

Environmental Impact

Participating banks will be required to implement environmental procedures, based on the EBRD’s Environmental Procedures for Intermediated Lending through Local Banks, to their lending and investment activities. Environmental due diligence training will be offered to participating banks, including the development of tailored environmental procedures manuals, which will form the basis of environmental due diligence efforts. Participating banks will ensure that borrowers are not engaged in activities listed on the Bank’s Environmental Exclusion List, and require that borrowers are in compliance, at a minimum, with Slovenian health, safety and environmental requirements. In its "Environmental Performance Review of Slovenia" dated May 1997, the Economic Commission for Europe concluded that despite differences in legislative structure, the Slovene approach to environmental protection is compatible with that of the EU and that the final results are very similar. Slovenia has been working to harmonise its approach further, and is tightening legislation in key areas, such as water quality, waste management and nature protection.

By including environmental considerations in their lending and investment criteria and ongoing monitoring, the banks will be raising awareness of environmental issues within client companies and supporting the enforcement activities of the environmental authorities in Slovenia. The overall environmental impact of the operation will therefore be positive.

Technical Cooperation

None

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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