Translation of this PSD: Serbian
Project Description
Long-term senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for on-lending to small and medium enterprises (SMEs) in Serbia.
Project Objectives
The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and diversification of its funding sources.
Transition Impact
The project improves availability of medium-term funding for SMEs, which are the main source of employment in the private sector and a major contributor to the economy. As one of the largest bank's in Serbia with strong expertise in corporate lending, UCB is well-positioned to provide much-needed financing to smaller businesses and to contribute to the development of SMEs in the country.
The focus will also be on lending in the regions outside the capital, attracting new SME clients and maintaining adequate portfolio quality.
Client Information
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
EUR 65,000,000.00
Total Project Cost
EUR 65,000,000.00
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.
Technical Cooperation
None.
Company Contact Information
Milan Davidovic
milan.davidovic@unicreditgroup.rs
+381113777853
www.unicreditbank.rs
Jurija Gagarina 12, Belgrade, Serbia
Business opportunities
For business opportunities or procurement, contact the client company.
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Email: procurement@ebrd.com
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