FIF - Intesa Leasing Serbia II



Project number:


Business sector:

Leasing Finance

Notice type:


Environmental category:


Approval date:

11 Nov 2015



PSD disclosed:

13 Oct 2015

Translated version of this PSD: Serbian

Project Description

The EBRD is providing a senior loan of up to EUR 15 million to Intesa Intesa Leasing d.o.o Beograd ("ILS" or the "Company"), a subsidiary of Banca Intesa a.d. Beograd ("BIB" or the "Parent"), the largest bank in Serbia.

Project Objectives

The Project aims to support micro, small and medium-sized enterprises (MSMEs) by increasing the availability of long-term lease financing for purchasing equipment, commercial vehicles and real estate for commercial purposes. Furthermore, EBRD will support ILS in diversifying its funding base as part of ILS' broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact derives from expanding long-term lease financing to MSMEs, particularly outside the capital Belgrade, for purchasing equipment, commercial vehicles and real estate for commercial purposes. As a leading leasing company in Serbia with a focus on MSMEs and as a subsidiary of the largest bank in Serbia, ILS is an ideal partner to expand financial intermediation to MSMEs in Serbia. The Project will also contribute to promoting an improved regulatory framework for leasing activities through a Policy Dialogue component.

Client Information


As of end-March 2015, ILS is one of the leading leasing companies in Serbia with a market share of 12.3% in terms of total assets. The Company is specialised on leases to MSMEs with a strong foothold in equipment and commercial vehicle leasing.

EBRD Finance Summary

EUR 15,000,000.00

Senior loan of up to EUR 15 million to be disbursed in three tranches.

Total Project Cost

EUR 15,000,000.00

Environmental and Social Summary

Categorised FI. Intesa Leasing Serbia (ILS) has developed an acceptable approach to managing environmental and social issues which complies with PRs 2 and 9. This includes the development of a procedure for management of E&S risks, the allocation of E&S responsibilities within the Company, and the implementation of a E&S grievance  mechanism. Intesa Leasing will be required to continue to comply with EBRD's PR 2 and PR 9 and submit annual reports on environmental & social matters and the implementation of the PRs to the Bank.

Technical Cooperation

The Bank intends to support the improvement of the regulatory framework for leasing in Serbia with a Policy Dialogue component in cooperation with a Serbian-based group of concerned stakeholders.

Company Contact Information

Slavko Dukic, CFO
+381 11 2025 416
+381 11 2025 433

INTESA LEASING doo Beograd Cara Urosa 54 Belgrade, Serbia

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

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

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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