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 AD BEOGRAD
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
None.
Company Contact Information
Ms. Milena Perazic
milena.perazic@bancaintesa.rs
+ 381 11 201 1402
www. bancaintesa.rs
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
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
