Translated version of this PSD: Serbian
Long-term senior loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP").
The loan is envisaged to provide financing for on-lending to the local SMEs for investments in environmental protection, workers' safety and product quality and safety, in order to introduce and implement EU standards, which will boost SMEs' competitiveness. At least 60% of the use of proceeds is expected to be related to Green Economy Transition ("GET") investments.
The project aims at enhancing the competitiveness in Serba, by: (i) supporting SMEs in accessing finance towards EU standards investments; and (ii) assisting SMEs to access advice and know-how for introducing and implementing EU standards and becoming competitive.
BANCA INTESA AD BEOGRAD
BIB is the largest bank in Serbia with the leading position in corporate and retail banking. BIB has been one of the most profitable bank in Serbia for many years, thanks to well-diversified and efficient operations. It is owned by Intesa Sanpaolo SPA.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014): BIB is an existing client of the Bank. An independent monitoring visit in 2017, supplemented by subsequent reporting from the client, confirmed that BIB has in place the necessary environmental and social (E&S) policies, procedures and risk assessment tools in line with the Bank's E&S requirements. Further, E&S training was also provided during the visit. BIB will be required to continue to comply with PRs 2, 4 and 9 and implement sub-projects in accordance with the EBRD's Environmental and Social Procedures for Corporate Loans, SME and Micro Loans.
The project will be supported by a comprehensive technical assistance to BIB and sub-borrowers to facilitate the project preparation and successful implementation of the Regional SME-CSP Programme. The technical assistance is funded by the European Union
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