ProCredit Bank Serbia

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 37309

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 37309

Status Complete

Location

Serbia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

19 Sep 2006

Disclosure date

30 Aug 2006

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The EBRD is considering providing € 10 million senior loan and € 10million subordinated loan to ProCredit Bank Serbia The operations will support ProCredit Bank Serbia at maintaining its leading position in the Serbian market for lending to micro enterprises and SMEs, and will support its capital base.

Transition Impact

Transition impact will be achieved by ensuring that ProCredit Bank Serbia continues to have access to credit of appropriate tenor to support domestic MSEs, as ProCredit Bank Serbia remains the principal specialised provider of financial services to Serbian MSEs.

The Client

ProCredit Bank Serbia is specialised in lending to micro enterprises and SMEs in Serbia. It was established in 2001 as a licensed bank under the supervision of the National Bank of Serbia (NBS) by EBRD, KfW, FMO, IFC, Commerzbank, and ProCredit Holding (PCH, formerly IMI). Today, Commerzbank holds 16.7% with PCH holding the remaining shares. In June 2008 PCH took over the EBRD’s stake in ProCredit Bank Serbia.

EBRD Finance

Senior loan of € 10 million, and Subordinated loan of € 10 million.

Project Cost

€ 20 million.

Environmental Impact

Screened FI (2008).

The ProCredit Bank Serbia has been EBRD's client and it has provided satisfactory annual report to the Bank since 2002. ProCredit Bank Serbia is required to comply with the EBRD's Environmental and Social Policy Performance Requirements PRs 2 and PR9. The bank should require that its clients comply with national and EU environmental, OHS standards and national labour laws. The bank is also required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit annual environmental, social, occupational health and safety reports to the Bank.

Technical Cooperation

None.

Company Contact

Svetlana Tolmacheva
Chairperson of the Executive Board
ProCredit Bank a.d.
Head Office
Bulevar despota Stefana 68c
11000 Belgrade, Serbia
Tel: +381 11 20 77 991
Fax: +381 11 20 77 905
E-mail: s.tolmacheva@procreditbank.co.yu
Web site: www.procreditbank.co.yu

Jelena Grbic
Controlling Specialist
ProCredit Bank a.d
Head Office
Bulevar despota Stefana 68c
11000 Belgrade, Serbia
Tel: +381 11 20 77 612
Fax: +381 11 20 77 983
E-mail: j.grbic@procreditbank.co.yu
Web site : www.procreditbank.co.yu

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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