FIF - Komercijalna Bank SME Credit Line

Location:

Serbia

Project number:

47346

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

09 Dec 2015

Status:

Repaying

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 A.D. BEOGRAD

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

None.

Company Contact Information

Mr. Mihajlo Kosanovic
mihajlo.kosanovic@kombank.com
(+381 11) 333 9002
(+381 11) 333 9160
www.kombank.com
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
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.