The provision of a senior loan of up to €5m to Raiffeisen Bank dd BiH for on-lending to local SMEs through the Western Balkans SME Competitiveness Support Programme.
The project will provide sub-loans to finance investments in SMEs in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU legislation. At least 60 per cent of the use of proceeds will be green (GET) investments.
ETI score: 60
The project contributes to the objectives of the Financial Intermediaries Framework, supporting transition qualities:
Competitive: The project supports lending to private SMEs in BiH, where the gaps are large, by a multiple of the EBRD's funding. The project focuses on regional outreach and attraction of new SME clients.
Resilient: RBBH will be expected to maintain adequate portfolio quality.
RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINA
Raiffeisen Bank dd BiH (RBBH) is the second largest bank in BiH with a market share of 14.9 per cent in assets and 12.5 per cent in loans as of the end of 2020.
EBRD Finance Summary
Total Project Cost
Additionality is achieved by combining the necessary long-term financing, in the form of a senior loan, with technical support.
Environmental and Social Summary
Categorised FI. Raiffeisen Bank is in compliance with Performance Requirements 2, 4 and 9. The bank is satisfactorily managing E&S risks within its existing portfolio by applying the EBRD's Environmental and Social Risk Management Procedures, adopted under existing exposures. For this new transaction they will need to continue to comply with PRs 2, 4 and 9, and provide annual reporting.
Technical Cooperation and Grant Financing
TC: The TC 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-TC: €0.75 million for investment incentives to Sub-borrowers for the implementation of eligible investments in line with the SME CSP Policy Statement.
The co-investment grant and TC resources are provided by the European Union.
Company Contact Information
+387 33 287 764
+387 33 287 391
Zmaja od Bosne bb 71000 Sarajevo Bosnia and Herzegovina
PSD last updated
02 Dec 2021
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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.
Integrity and Compliance
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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.
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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.