Translated version of this PSD: Serbian
A senior loan of up to €50 million to Banca Intesa Belgrade ("BIB") for mortgage lending.
The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia.
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 mortgage lending has further room for growth subject to availability of sufficiently long-term funding.
BANCA INTESA AD BEOGRAD
BIB is the largest bank in Serbia with the leading position in corporate and retail banking. BIB has been one of the most profitable bank in Serbia for many years, thanks to well-diversified and efficient operations. It is owned by Intesa Sanpaolo SPA.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (2014 ESP). BIB is satisfactorily implementing the EBRD's E&S requirements and will be required to continue to comply with PRs 2, 4 & 9 and further comply with the EBRD's E&S Procedures for Mortgage Lending. BIB will be required to complete and submit the Sustainability Index report to the Bank on an annual basis.
Company Contact Information
+381 11 201 1400
381 11 201 1260
Milentija Popovica 7b 11070 Novi Beograd
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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