Komercijalna banka SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

30 Sep 2009



PSD disclosed:

04 Dec 2009

Project Description

The EBRD is considering a EUR 30 million 5 year SME loan with a two year grace period for on-lending to private SMEs in Serbia. The purpose of the loan is to support the real economy in times of crisis by providing long-term financing for SMEs that otherwise have difficulties in accessing financing. In addition, the SME loan will improve KMBN’s balance sheet maturity structure.

Transition Impact

The transition impact potential of the SME Credit Line will come from the support for the SME sector in Serbia at a time of economic difficulty and credit constraint and from the improvements in standards of business conduct.

The Client

Komercijalna Banka a.d. Beograd

EBRD Finance

EUR 30 million senior credit line.

Project Cost

EUR 30 million.

Environmental Impact

Categorised FI under the EBRD’s Environmental and Social Policy 2008. KMBN, an existing client of the EBRD, will be required to comply with the Bank's Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries) which include implementation of the Bank's Environmental and Social Procedures for Corporate Lending across its lending and investment portfolio, as well as adherence to EBRD's Environmental and Social Exclusion and Referral List. KMBN 's past environmental performance and reporting has been satisfactory, and only a few adjustments to KMBN 's existing Environmental Procedures will be required to fully ensure compliance with PR9. A refresher training on environmental and social risk management will be provided due to EBRD's growing exposure to this FI. KB will be required to continue reporting on environmental and social matters and also the implementation of PRs 2 and 9.

Technical Cooperation

It is expected that Komercjialna Banka will continue to benefit from Technical Cooperation to complete the implementation of the Institution Building Plan. The budget has amounted to EUR 1.9 million, and the programme has been ongoing since September 2006. The source of financing is the Canada-EBRD TC Fund for the South-East Europe Action Plan (EUR 1.3 million), the EBRD Western Balkans Fund (EUR 0.3 million) and the EBRD Shareholders’ Special Fund (EUR 0.3 million).

Company Contact

Komercijalna Banka
Svetog Save 14, 11000 Beograd
E-mail: posta@kombank.com
Tel: (381) 11 30 80 100
Fax: (381) 11 344 13 35

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

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Text of the PIP

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