FIF - Komercijalna Bank SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

09 Dec 2015



PSD disclosed:

06 Nov 2015

Translated version of this PSD: Serbian

Project Description

The EBRD is considering extending a 3-year loan of up to € 30 million to Komercijalna Banka (KB) for on-lending to Small and Medium Enterprises (SMEs), thus fostering the development of a healthy SME sector in the country. The loan will be used by KB to provide short and medium-term financing through working capital lines and investment loans to private SMEs.

Project Objectives

The project will help to diversify KB's funding base, enable continued liquidity in the SME loan market and promote private sector investment and economic recovery.

Transition Impact

Transition impact from this project is expected to derive from market expansion. The proposed project will improve access to finance for SMEs by providing medium-term funding to KB, which has a strong foothold in the market and runs a good platform for servicing SMEs which are also key drivers of the economy in Serbia. The project will also improve access to finance for local SMEs, particularly in the regions outside the capital and rural areas.

Client Information


Komercijalna Banka is the second largest bank in Serbia by total assets focusing on both corporate and retail operations. KB is seen as the leading national bank in the market because of its long history and significant state shareholding.

EBRD Finance Summary

€ 30,000,000.00

Total Project Cost

€ 30,000,000.00

Environmental and Social Summary

Categorised FI. As an existing client, Komercijalna Banka is familiar with the environmental and social requirements of the Bank. Performance to date in the context of those existing operations has been satisfactory. KB will be required to continue to comply with PRs 2, 4 and 9 and provide subloans in accordance with the EBRD's Environmental and Social Procedures for Corporate Loans, SME and Micro Loans. KB will be required to continue to provide annual environmental and social reports to the Bank.

Technical Cooperation


Company Contact Information

Mr. Mihajlo Kosanovic
(+381 11) 333 9002
(+381 11) 333 9160
Makedonska 29, 11000 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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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