Translated version of this PSD: Serbian
The EBRD is considering a mortgage loan of up to EUR 20 million to UniCredit Bank Serbia JSC to be on-lent by UniCredit Bank Serbia 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.
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 longer 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.
At the end of 2014, UniCredit Bank Serbia’s total assets amounted to EUR 2,193 million and total equity EUR 457 million, while the net profit reached EUR 45.2 million. UniCredit Bank is ranked third among Serbian banks in terms of total assets, with a 8.9% market share of total banking assets as of end-2014.
Mortgage Loan - EUR 20 million, in three tranches
EUR 20 million
Environmental and social categorisation, impact, and mitigation
Categorised FI (2014 ESP). UniCredit Bank (UCB) Serbia is an existing client and has been satisfactorily implementing the Bank’s E&S requirements to date under existing exposures. UCB 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, and 4, 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 JSC
Mr. Rastko Nicic, Head of Business development
Omladinskih brigada 88
Phone: 00 381 11 3771 216
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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