Privredna Banka Beograd Mortgage Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

24 Jul 2007



PSD disclosed:

19 Jun 2006

Project Description

The proposed project consists of a EUR 10 million residential mortgage loan facility to Privredna Banka Belgrade (PBB or the bank). Mortgage lending plays an important part in PBB’s strategy for retail lending, and the loan will support PBB’s lending growth in the sector.

Transition Impact

The EBRD loan will increase provision of long-term funding available to the bank, allowing PBB to grow its mortgage portfolio on a sustainable basis. PBB will consolidate its experience and know-how in this area through a technical assistance programme associated to the loan. By following EBRD’s List of Minimum Standards for mortgages, PBB is committed to applying best industry practice.

The Client

PBB is a small to medium bank based in Belgrade with total assets of EUR 108.3 million, equity of EUR 32.5 million, net profit of EUR 2.9 million and market share by total assets 0.73 % as of end December 2006. PBB was founded in 1973. PBB is providing a wide range of products and services, with a specific focus on retail banking and SMEs. As of 15 May 2007, PBB had 12 branches, 9 sub-branches and 14 counters and 285 employees.

EBRD Finance

The proposed project consists of a EUR 10 million residential mortgage loan.

Project Cost

EUR 10 million.

Environmental Impact

PBB will need to implement EBRD’s Environmental Guidelines for Residential Mortgage Lending, including adherence to EBRD’s Environmental Exclusion List, compliance with national environmental, health and safety regulations, and submission on an annual basis of environmental, health and safety reports to the Bank. In particular, PBB will be required to ensure that a property survey is conducted for each sub-loan as part of its due diligence. The survey will include consideration of potential site contamination, use/presence of hazardous materials in construction, risk of flooding or seismic activity and compliance with the applicable national environmental, health and safety standards and regulations.

Technical Cooperation

Up to EUR 190,000 technical cooperation programme for mortgage lending and other institutional building measures.

Company Contact

Mr. Čedo Petrović
President of the Executive Board
Bulevar oslobođenja 4
11000 Belgrade, Serbia

Phone:(+381 11) 2641-992
Fax: (+381 11) 265-70-64
mob: (+381 64) 895-5040



Business opportunities

For business opportunities or procurement, contact the client company.

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General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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