UCB Serbia - Mortgage Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

11 Jun 2014



PSD disclosed:

23 Apr 2014

Project Description

The EBRD is considering a mortgage loan of up to €10 million to UniCredit Bank Serbia JSC for on-lending to private individuals in Serbia. The proceeds of the loan will be used by UniCredit Bank Serbia to provide long-term financing for residential mortgages in Serbia.

Transition Impact

The Mortgage Loan will contribute to the transition process by maintaining an essential flow of lending to private individuals at a time when the availability of credit, particularly on very long terms, has been constrained. Transition impact potential also derives from the demonstration effect associated with the improvement of competitiveness, transparency for final mortgage sub-borrowers and raising standards of residential mortgage lending.

The Client

At the end of 2013, UniCredit Bank Serbia’s total assets amounted to €2,198 million and total equity €441 million, while the net profit reached €33 million. UniCredit Bank is ranked third among Serbian banks in terms of total assets, with a market share of 8.85% of total banking assets as of end-December 2013.

EBRD Finance

SME Credit Line - €10 million, in two equal tranches.

Project Cost

€10 million.

Environmental Impact

Categorised FI. UniCredit Bank Serbia will be required to comply with EBRD’s Performance Requirement (“PR”) 9 when making mortgage loans, conduct their business in accordance with PR 2, implement the EBRD’s E&S Procedures for Mortgage lending 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. UniCredit Bank Serbia is an existing client with good environmental standards.

Technical Cooperation


Company Contact

UniCredit Bank Serbia JSC
Mr. Rastko Nicic
Head of Business development
Omladinskih brigada 88
11070 Belgrade

Phone: 00 381 11 3771 216
E-mail: rastko.nicic@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

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