Translated version of this PSD: Serbian
Long-term senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") 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 SME's 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 of SMEs in Serbia, 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.
UNICREDIT BANK SERBIA JSC
With total assets of EUR 3.7 billion as at end-2018, UCB is one of the leading and largest universal banks in Serbia with strong foothold in corporate and consumer lending. It is one of the most profitable banks in Serbia with outstanding operating efficiency and strong branch network. UCB is 100% owned by UniCredit Spa, Italy.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (2014 ESP). UCB is an existing client of the Bank and is satisfactorily implementing the Bank's E&S requirements. UCB will be required to continue to comply with the EBRD's Performance Requirements (PRs) 2, 4 and 9 and continue submitting the EBRD FI Sustainability Index to the Bank on an annual basis. UCB will need to comply with the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans.
The project will be supported by a comprehensive technical assistance to UCB 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
For business opportunities or procurement, contact the client company.
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