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
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
