Translated version of this PSD: Serbian
A senior loan of up to €30 million to Addiko Bank Serbia ('ABSe') for on-lending to micro, small and medium enterprises ('MSMEs') in Serbia. The loan proceeds will be on-lent to eligible sub-borrowers in line with the Policy Statement for MSME lending.
Further improve access to finance for MSMEs and to support economic recovery in Serbia.
Increase the availability of medium-term funding for MSMEs in Serbia, which are the main source of private sector employment and major contributors to the country's economy. With its MSME-focused strategy and wide regional coverage, ABSe is well-placed to provide much needed financing to smaller businesses and to contribute to the development of the MSME lending in the country.
ADDIKO BANK A.D. BEOGRAD
ABSe is a mid-sized bank in Serbia with expanding MSME lending and consumer finance. With total assets of €781 million and equity of €186 million, it is ranked as the 14th largest bank as of 30 June 2016. The bank is a member of the Addiko Bank Group, and is 100%-owned by Addiko Bank AG headquartered in Vienna. Addiko Bank Group is controlled by Advent International, a major private equity firm, (81.3% stake), and EBRD (18.7% stake).
EBRD Finance Summary
Up to €30 million available in two tranches.
Total Project Cost
Up to €30 million.
Environmental and Social Summary
Categorised FI (2014 ESP): ABS will be required to comply with PRs 2, 4 & 9 and EBRD's Environmental and Social Procedures for Corporate Loans, SME and Micro Loans, and will be required to submit annual environmental and social reports to the Bank. ABS is in compliance with PR 2 and 4 and will achieve compliance with PR9 over time by adopting the E&S requirements satisfactory to the Bank and which will be continually monitored by the EBRD as per existing procedures.
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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