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Banca Intesa Belgrade - Mortgage Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

09 Dec 2015



PSD disclosed:

23 Oct 2015

Translated version of this PSD: Serbian

Project Description

EBRD is providing a senior loan of up to €30 million to Banca Intesa a.d. Beograd (`BIB`) for onlending to private individuals.

Project Objectives

The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgages in Serbia.

Transition Impact

Transition impact is expected to derive from the expansion of the mortgage market in Serbia through provision of long term funding. Mortgage penetration remains low in Serbia and local banks reduced mortgage lending in recent years.

Client Information


Banca Intesa Belgrade is a long-standing partner of the EBRD and the largest bank in Serbia with the leading position in corporate and retail lending. With total assets of EUR 4.0bn as of 30 June 2015 it accounts for 16.2% of banking assets in Serbia. BIB has been one of the most profitable banks in Serbia for many years, thanks to good diversification and efficient operations. In retail lending, the mortgage business is one of the key products which accounts approximately 57% of the retail book.

EBRD Finance Summary

EUR 30,000,000.00

Up to €30 million available in two tranches

Total Project Cost

EUR 30,000,000.00

Up to €30 million.

Environmental and Social Summary

Categorised FI (ESP 2014): BIB an existing client and is satisfactorily implementing the EBRD's E&S requirements. It will be required to comply with EBRD`s Performance Requirement (`PR`) 9 when making mortgage loans, continue to conduct their business in accordance with PR 2 and 4, implement the EBRD`s E&S Procedures for Mortgage lending and submit Annual Environmental and Social Reports to the Bank. BIB will be required to continue to submit annual environmental and
social reports to the Bank.

Technical Cooperation


Company Contact Information

Ms. Milena Perazic
+ 381 11 201 1402
Banca Intesa ad Beograd Milentija Popovica 7b 11070 Novi Beograd

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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Text of the PIP

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