Translated version of this PSD: Serbian
Project Description
The EBRD is considering a senior loan of up to EUR 30 million to UniCredit Bank Serbia JSC to be on-lent by UniCredit Bank Serbia to private SMEs in Serbia. The proceeds of the loan will be used by UniCredit Bank Serbia to provide medium and long-term financing to private SME companies for production, investment, trade, services and working capital needs.
Transition Impact
The SME Credit Line will contribute to the transition process by maintaining an essential flow of lending to private enterprises at a time when the availability of credit, particularly to SMEs, has been constrained. Transition impact potential also derives from the demonstration effect associated with the energy savings and will help improvement of competitiveness of the private SME sector.
The Client
At the end of the third quarter 2012, UniCredit Bank Serbia’s total assets amounted EUR 1,922.2 million and total equity EUR 382.8 million, while the net profit reached EUR 26.8 million. UniCredit Bank is ranked third among Serbian banks in terms of total assets, with a 7.9% market share of total banking assets as of end-September 2012.
EBRD Finance
SME Credit Line - EUR 30 million, in two equal tranches.
Project Cost
Total project costs of EUR 30 million.
Environmental Impact
Categorised FI. UniCredit Bank Serbia will be required to comply with EBRD’s l Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, implement the EBRD’s E&S Procedures for Corporate Loans and submit Annual Environmental and Social Reports to the Bank. Borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
Technical Cooperation
None.
Company Contact
UniCredit Bank Serbia JSC
Mr. Niksa Vusurovic, Head of Market Analysis and Products Section
27-29, Rajiceva
11000 Belgrade
Serbia
Phone: 00 381 11 3204 568
E-mail: niksa.vusurovic@unicreditgroup.rs
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
