Banca Intesa Belgrade SME Credit Line II

Location:

Serbia

Project number:

44123

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

17 Oct 2012

Status:

Complete

PSD disclosed:

31 Aug 2012

Translated version of this PSD: Serbian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

Up to €30 million, 5-year, senior loan.

Project Cost

Up to €30 million

Environmental Impact

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.

Company Contact

Financial Institutions Unit
Banca Intesa ad Beograd
Milentija Popovica 7b
11070 Novi Beograd
tel: + 381 11 201 1401, 1402
fax: + 381 11 201 1260
e-mail: financial.institutions@bancaintesa.rs

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Text of the PIP

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.