Provision of long-term debt financing to ProCredit Bank AD Belgrade for on-lending to small agricultural producers and small and medium-sized enterprises (SMEs) in Serbia.
Contribution 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.
ETI score: 60
The project improves the 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 in Serbia. With its wide outreach, ProCredit Bank is well-positioned to provide much-needed financing to smaller regional businesses and to contribute to the development of SMEs in the country.
PROCREDIT BANK AD BELGRADE
ProCredit Bank AD Belgrade is a medium-sized development-oriented commercial bank in Serbia specialised in lending to SMEs and agricultural clients. With total assets of over EUR 1 billion, it ranks as the 12th largest bank in Serbia as of December 2019. ProCredit Bank AD Belgrade is part of the ProCredit group, which is led by its Frankfurt-based parent company, Procredit Holding AG & Co. KGaA. As the sole owner of ProCredit Bank, ProCredit Holding holds 100% of its shares.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). PBS is an existing client and is in compliance with PRs 2, 4 and 9 as confirmed via their completed Sustainability Index for 2018. PBS will be required to continue to comply with the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans, as well as the PRs, and submit annual environmental and social reports to the Bank
Company Contact Information
+381 11 207 7815
Milutina Milankovica 17 Belgrade
PSD last updated
17 Apr 2020
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Environmental and Social Policy (ESP)
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More information on the EBRD’s practices in this regard is set out in the ESP.
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Access to Information Policy (AIP)
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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 firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.