Translated version of this PSD: Serbian
The EBRD is considering extending a EUR 30 million loan to Banca Intesa Beograd (BIB) for on-lending to small and medium enterprises, thus fostering the development of a healthy SME sector in the country. The loan will be used by BIB to provide short, medium and long-term financing through working capital lines and investment loans to private SMEs. The project will help to diversify BIB’s funding base, enable continued liquidity in the SME loan market and promote private sector investment and economic recovery.
The Project will increase the SME sector’s access to finance by providing medium/long-term funding to a key player with a strong presence in the market, thus providing a good platform for the channeling of funds to the real economy. SME financing has been especially affected by the global financial crisis as well as the difficult macroeconomic conditions in Serbia. The Project will ensure sustained access to longer tenor funding by SMEs appropriate to support investment and contribute to renewed economic growth. The Project will also promote regional private sector development through increased lending to local SMEs, particularly in the region outside of the capital.
BIB is an existing client of the EBRD since 2008 and is a leading universal bank in Serbia authorised to cover the whole range of banking services, serving more than 1.4 million clients. BIB is a part of the Intesa San Paolo group and the largest bank in Serbia, focusing on both corporate and retail operations with a market share of 14.5% by total assets.
Up to €30 million, 5-year, senior loan.
Up to €30 million
Categorised FI. As an existing client, Banca Intesa Beograd is familiar with the environmental and social requirements of the Bank. Performance to date in the context of those existing operations has been satisfactory. BIB will be required to continue compliance with PRs 2 and 9 and continue to provide annual environmental and social reports to the Bank.
Financial Institutions Unit
Banca Intesa ad Beograd
Milentija Popovica 7b
11070 Novi Beograd
tel: + 381 11 201 1401, 1402
fax: + 381 11 201 1260
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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
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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.