Bosnia and Herzegovina

Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

19 May 2020



PSD disclosed:

07 Aug 2020

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

The provision of a senior loan of up to € 20 million in favour of UniCredit Bank a.d. Banja Luka (the "Company" or "UCBL") under the Resilience Framework. This project was approved as part of the Bank's response to the Covid-19 pandemic. 

Project Objectives

UCBL is one of the sytemically important banks in Bosnia and in particular in Republika Srpska. As such, the proposed project is important to maximise its financial outreach to SMEs affected by the coronavirus pandemic and which have limited access to financing required to address their liquidity or working capital needs.


Transition Impact

ETI score: 70

The project will contribute to ensure resilience and preserve competition in the financial sector in BiH economy.

Primary quality - Resilient: The facility will help UCBL to remain an active and effective market player amid COVID-19 pandemic.

Secondary quality - Competitive: The facility will enable UCBL to continue commercial lending in line with comparable banking sector participants.

Client Information


UniCredit Bank a.d. Banja Luka (UCBL) is a universal commercial bank, organised as a joint stock company in Bosnia and Herzegovina (BiH) under the laws of Republika Srpska and majority owned by UniCredit SpA. UCBL is the 5th largest bank in BiH and the 2nd largest bank in Republika Srpska. UCBL has been a client of the Bank since 2014.

EBRD Finance Summary

EUR 20,000,000.00

Total Project Cost

EUR 20,000,000.00


COVID-19 crisis response allowing UCBL to answer the liquidity needs of its SME clients that are experiencing a decrease in activity, turnover and profitability leading to payment delays and liquidity issues for the whole economy.

Environmental and Social Summary

Categorised FI (2019 ESP). UCBL is an existing client and will be required to continue to comply with PRs 2, 4 and 9. The annual environmental and social report for 2019 will be reviewed and any potential gaps addressed before signing. UCBL will be required to continue to comply with the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans, and submit annual environmental and social reports to the Bank.

Technical Cooperation and Grant Financing


Company Contact Information

Head of ALM
+387 51 243 296
+387 51 212 830
UniCredit Bank a.d. Banja Luka, Marije Bursać 7, 78 000 Banja Luka, Bosna I Hercegovina

Implementation summary

PSD last updated

07 Aug 2020

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.


Share this page: