Translated version of this PSD: Serbian
A senior loan of up to €30 million to Banca Intesa a.d. Beograd ('BIB') for on-lending to private individuals.
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
Banca Intesa a.d. Belgrade is the largest bank in Serbia with the leading position in corporate and retail lending and a long-standing partner of the EBRD and. With total assets of EUR 4.5bn as of 31 December 2016 it accounts for 17% 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 50% of the retail book.
EBRD Finance Summary
Up to €30 million available in two tranches.
Total Project Cost
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 continue to comply with PRs 2, 4 & 9; to further comply with the EBRD's E&S Procedures for Mortgage Lending; to submit annual environmental and social reports to the Bank.
Company Contact Information
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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