FIF - Erste Bank Serbia SME loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

27 Mar 2019



PSD disclosed:

18 Feb 2019

Translated version of this PSD: Serbian

Project Description

Long-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia.

Project Objectives

The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources.

Transition Impact

The project improves availability of medium-term funding for SMEs, which are the main source of employment in the private sector and a major contributor to the economy. With its wide regional outreach and SME-focused strategy, EBS is well-positioned to provide much-needed financing to smaller businesses and to contribute to the development of SMEs in the country. The focus will also be on lending in the regions outside the capital, attracting new SME clients and
maintaining adequate portfolio quality.

Client Information


EBS is a dynamic retail-oriented bank with an experienced management team and consistently strong performance. The bank has a market share of 5% and is ranked 7th by total assets among 30 banks in Serbia. It is a subsidiary of Erste Group, which is the second largest bank in Austria rated A3, A, A- (Moody's, S&P, Fitch). EBS is a systematically-important bank in Serbia according to the Central Bank classification.

EBRD Finance Summary

EUR 40,000,000.00

Total Project Cost

EUR 40,000,000.00

Environmental and Social Summary

Categorised FI (2014 ESP). EBS is an existing client and is in compliance with PRs 2, 4 and 9 . EBS will be required to continue to comply with these PRs and the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans. EBS will also need to complete and submit the Sustainability Index to the Bank on an annual basis.

Technical Cooperation


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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