Bosnia and Herzegovina

Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

05 Oct 2004



PSD disclosed:

20 Aug 2004

Project Description

The proposed project will provide the establishment of a medium-term facility for on-lending purposes to private sector clients. Following achievements are expected from the proposed debt facility:
  • support growth and development of private small and medium size companies.
  • support private sector financial intermediaries which would provide additional services to the market, especially to the private sector.

Transition Impact

Successful completion of this project will enable UniCredit Zagrebacka banka to diversify its medium-term funding sources and ensure that the bank’s corporate clients have continued access to medium and long-term financing.
Also, an increase of completion in the project sector is expected from the project which in turn should bring up efficiency of the banking sector and the client bank itself.

The Client

UniCredit Zagrebacka banka dd is the second largest private commercial bank in Bosnia and Herzegovina with total assets of EUR 655 million and equity of EUR 59 million as of June 2004.
93.55% of the bank’s stake is owned by Zagrebacka banka Croatia.

EBRD Finance

A EUR 7.5 million bank to bank SME Credit Line divided into two tranches of EUR 4 million and EUR 3.5 million respectively. It is proposed that up to 30% of the Credit Line may be used to finance long- term consumer needs of retail sector clients.
Tenor of the Credit Line is 5 years with grace period of one year.

Project Cost

EUR 7.5 million

Environmental Impact

Screened FI.  
The bank will be obliged to continue to (i) comply with applicable national environmental, health and safety requirements; (ii) adhere to the Environmental Exclusion and Referral Lists; and (iii) submit annual Environmental Reports to the Bank. The bank will also need to comply with relevant national employment laws, standards and conventions of the International Labour Organisation relating to the employment of children and young people, discrimination at work, and forced labour.  The bank will nominate a member of its management to be responsible for environment, health, safety and social issues.

Technical Cooperation


Company Contact

Adriano Carisi, Executive Director
Phone: +387 36 323 355
Fax:       387 36 312 123
Email address:ariano.carisi@zaba.hr

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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