Bingo Expansion


Bosnia and Herzegovina

Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

27 May 2015



PSD disclosed:

14 Apr 2015

Translated version of this PSD: Bosnian

Project description and objectives

The EBRD is considering to support the retailer Bingo's further expansion in Bosnia and Hercegovina (BiH). Specifically, the Bank would support the acquisition by Bingo of smaller competitors, leading to a consolidation in the fragmented local retail sector. The EBRD's financing will also support the company's investments in energy efficiency and sustainable resource investments, leading to improved sustainability performance of Bingo’s retail outlets.

Transition impact

The Bank’s financing will support the company’s contribution to the local retail sector in BiH through consolidation with the goal to improve efficiency. The consolidation is expected to increase competition, thus ultimately benefitting consumers. The project also improves the local food chain by strengthening the backward linkages with the local suppliers as well as by a transfer of skills, particularly in the areas of efficient inventory management and an increase in health and safety standards.

The client

Bingo, a limited liability company incorporated in Bosnia and Herzegovina. The company is solely owned by Mr. Senad Dzambic.

EBRD finance

The Bank financing will consist of senior secured debt of up to EUR 21 million in a parallel financing structure with Raiffeisen Bank dd BiH and Sberbank BH dd each providing EUR 14 million.

Total project cost

EUR 49 million.

Environmental and social categorisation, impact, and mitigation

Bingo is an existing client of the Bank and has been the subject of environmental and social due diligence in the context of previous projects. The operation of retail outlets in general is not associated with significant environmental impacts. Bingo has a process in place to ensure that sites are fit-for-purpose and that planning issues are managed in compliance with national requirements. Bingo has confirmed that its food processing subsidiaries (e.g. poultry farms) are certified with the HACCP and ISO 14001 standards.  Certification of Bingo retailing operations to HACCP and ISO 14001 is under way and is expected to be completed in the next couple of months.

Bingo communicates with local communities both prior to construction of retail units and as part of on-going dialogue during both construction and operation. Bingo has a process for engaging with suppliers to ensure that products meet the required quality standards. Bingo also ensures that all HR issues are dealt with in accordance with national requirements including a comprehensive process for engagement with employees for both the continued improvement of working conditions and the receipt of grievances where relevant. Together with 5 other local companies, Bingo has founded a non-for-profit company which focuses on recycling of packaging waste in Federation of BiH.  Eko Zivot operates in line with best EU practices, and the collection fees are channelled to improving infrastructure for waste management.  In the context of the new project with the Company, Bingo will be required to continue complying with the Bank’s PRs and to provide the Bank with annual environmental and social reports.

Technical cooperation


Company contact

Mrs. Ljiljana Kunosic
Phone: +387 35 35 255 401


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

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

Public Information Policy (PIP)

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Text of the PIP

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