Banka Intesa Belgrade - Mortgage Line II



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

04 May 2017



PSD disclosed:

31 Mar 2017

Translated version of this PSD: Serbian

Project Description

A senior loan of up to €30 million to Banca Intesa a.d. Beograd ('BIB') for on-lending to private individuals.

Project Objectives

The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia.

Transition Impact

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.

Client Information


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

EUR 30,000,000.00

Up to €30 million available in two tranches.

Total Project Cost

EUR 30,000,000.00

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.

Technical Cooperation


Company Contact Information

Ms. Milena Perazic
+ 381 11 201 1402
Milentija Popovica 7b 11070 Novi Beograd

Business opportunities

For business opportunities or procurement, contact the client company.

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General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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