FIF - Regional SME CSP - Serbia Banca Intesa Belgrade

Location:

Serbia

Project number:

50307

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

25 Apr 2019

Status:

Passed Final Review, Pending Board Approval

PSD disclosed:

25 Mar 2019

Translated version of this PSD: Serbian

Project Description

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").

Project Objectives

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.

Transition Impact

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.

Client Information

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

EUR 15,000,000.00

Total Project Cost

EUR 15,000,000.00

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.

Technical Cooperation

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

Company Contact Information

Snezana Topalovic
snezana.topalovic@bancaintesa.rs
+381 11 201 1400
381 11 201 1260
www.bancaintesa.rs
Milentija Popovica 7b 11070 Novi Beograd

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.