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
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The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
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