SOCIETE GENERALE YUGOSLAV BANK A.D. BELGRADE - MORTGAGE LOAN

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35157

Status Complete

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 35157

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

07 Sep 2004

Disclosure date

14 Jul 2004

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 proposed project involves the provision of a long-term loan to SGYB in support of its residential mortgage lending operations.

Transition Impact

The banking sector intermediation level in Serbia is still low compared to other CEE countries. Limited access to long-term funding is one of the impediments for higher lending activity by banks. The long-term loan from the EBRD will allow SGYB to increase its mortgage lending operations in the market where this type of lending is only developing.

SGYB will be required to use in its mortgage lending activities a standardised loan documentation lending procedure which will allow for issuance of mortgage backed securities in the future.

The Client

SGYB was established in 1990 as a joint-venture bank. Since 2001, it is a full subsidiary of Société Générale, Paris. Over the past three years SGYB’s operations have grown significantly as a result of expanded product range to retail and corporate customers. To date, SGYB is the 8th largest bank by total assets in Serbia with a branch network of 22 offices.

EBRD Finance

Residential mortgage loan in the amount of € 10 million.

Project Cost

Residential mortgage loan in the amount of € 10 million.

Environmental Impact

Société Générale Yugoslav Bank will carry out its operations in accordance with the EBRD's Environmental Procedures for Residential Mortgage Lending. SGYB will require a survey for each property financed on the primary market to ensure, among other things, that environmental, health and safety issues such as contaminated land and the presence of harmful materials are identified and any applicable standards for health and safety are met. SGYB will provide the Bank with annual environmental, health and safety reports and notifications on material issues that may have environmental, health and safety implications.

Technical Cooperation

None.

Company Contact

Société Générale Yugoslav Bank
Vladimira Popovica 6,
11070 Belgrade
Serbia and Montenegro

Tel: (381) 11 145 190

Website: www.socgenyu.com

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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