FIF - Regional SME CSP - Sparkasse Leasing BiH


Bosnia and Herzegovina

Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

06 Oct 2020



PSD disclosed:

08 Oct 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

This project was approved in the context of the Bank's response to the COVID-19 pandemic.  To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information.  Details of the Bank's response to COVID-19, and this deviation, can be found on our website.

Provision of a EUR 1m loan to Sparkasse Leasing d.o.o. Sarajevo under the Competitiveness Support Programme - Western Balkans ("CSP-WB").

Project Objectives

This transaction will support the aim of the programme to: (i) improve SMEs' access to finance in order to go beyond their normal operations and allow them to invest additional resources to introduce EU standards through the provision of financing and investment incentives; and (ii) increase the awareness and knowledge of SMEs about the benefits of compliance with EU standards. The loan is envisaged to provide financing to sub-borrowers for investments in vehicles and equipment that is designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers' safety and product quality and safety. More specifically, sub-borrowers will use funds to lease trucks, semi-trailers, cold storage units, construction machines, and hybrid vehicles. At least 60% of the use of proceeds will be related to GET investments. 

Transition Impact

ETI score: 60

The project contributes to the objectives of CSP-WB, supporting the Competitive and Resilient transition qualities.

Competitive: The programme will encourage the competitiveness of SMEs in the Western Balkans, by (i) supporting SMEs in accessing finance for investments that meet EU standards; and (ii) assisting SMEs to access advice and know-how for introducing and implementing EU standards and becoming competitive. 

Resilient: The project will foster the resilience of SMEs as sub-borrowers will be expected to be commercially viable.

Client Information


Sparkasse Leasing d.o.o. Sarajevo is a limited liability company operating in Bosnia and Herzegovina. Sparkasse Leasing provides finance and operating leases for a full suite of assets ranging from passenger cars to commercial vehicles and equipment. 

EBRD Finance Summary

EUR 1,000,000.00

EUR 1 million senior loan

Total Project Cost

EUR 1,000,000.00

EUR 1 million


Additionality is achieved through the financing structure and knowledge, innovation and capacity building. The project combines necessary long-term financing with technical support and targeted investment incentives into a package that promotes investments improving the competitiveness of local SMEs.

Environmental and Social Summary

Categorised FI (ESP 2019). Sparkasse Leasing will be required to comply with EBRD's Performance Requirements (PRs) 2, 4 and 9; adopt and implement the EBRD's E&S Risk Management Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation and Grant Financing

Technical Cooperation: The Technical Cooperation will include support for Programme Consultants that will assist with the implementation, marketing and monitoring of the Programme and a separate verification of the technical implementation of the investments by the Sub-borrowers before the incentive payment is released.
Non-Technical Cooperation: Non-Technical Cooperation will include investment incentives to Sub-borrowers for the implementation of eligible investments in line with the CSP WB Policy Statement.

The Technical and the Non-Technical Cooperation resources are provided by the European Union.

Company Contact Information

Nedim Milisic
+387 33 565-850
+387 33 208-863
Zmaja od Bosne 7, 71000 Sarajevo, BiH

PSD last updated

08 Oct 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

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

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 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 to get guidance and more information on IPAM and how to submit a request.


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