UniCredit Bank Serbia - Mortgage Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

02 Sep 2015



PSD disclosed:

16 Jul 2015

Translated version of this PSD: Serbian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

Mortgage Loan - EUR 20 million, in three tranches

Project Cost

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.

Technical Cooperation


Company Contact

UniCredit Bank Serbia JSC

Mr. Rastko Nicic, Head of Business development
Omladinskih brigada 88
11070 Belgrade

Phone: 00 381 11 3771 216
E-mail: rastko.nicic@unicreditgroup.rs


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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