FIF - WB WiBP Loan II - Banca Intesa Belgrade

Location:

Serbia

Project number:

48678

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

13 Apr 2017

Status:

Signed

PSD disclosed:

31 Mar 2017

Translated version of this PSD: Serbian

Project Description

A senior loan of up to €5 million to Banca Intesa a.d. Beograd ('BIB').

Project Objectives

The project will enable BIB to expand its lending to women-led micro and small businesses ('WiB MSMEs'), which continue to experience distinct limitations in access to finance.

Transition Impact

Transition impact is expected to derive from market expansion, demonstration effect and transfer of skills. The project is expected to demonstrate that financing of WiB MSMEs is not only commercially viable and profitable, but also scalable and replicable given the under-served nature of the segment in Serbia.

Client Information

BANCA INTESA AD BEOGRAD

Banca Intesa a.d. Belgrade is the largest bank in Serbia with the leading position in corporate and retail lending and a long-standing partner of the EBRD and. With total assets of EUR 4.5bn as of 31 December 2016 it accounts for 17% of banking assets in Serbia. BIB has been one of the most profitable banks in Serbia for many years, thanks to good diversification and efficient operations.

BIB is the first-mover into lending to WiB MSMEs in Serbia and has demonstrated solid result upon implementation of the first round of WiB Programme in 2015-2016.

EBRD Finance Summary

EUR 5,000,000.00

Total Project Cost

EUR 5,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014): BIB an existing client and is satisfactorily implementing the EBRD's E&S requirements. It will be required: to continue to comply with PRs 2, 4 & 9; to further comply with the EBRD#s Environmental and Social Procedures for Corporate Loans, SME and Micro Loans; to submit annual environmental and social reports to the Bank.

Technical Cooperation

The project will be supported by a comprehensive technical support for capacity building, product development, marketing outreach, and business advice to WiB MSMEs. The technical cooperation is jointly funded by the governments of Luxemburg and Sweden.

Company Contact Information

Ms. Milena Perazic
milena.perazic@bancaintesa.rs
+ 381 11 201 1402
http://www.bancaintesa.rs/home.42.html
Milentija Popovica 7b 11070 Novi Beograd

Business opportunities

For business opportunities or procurement, contact the client company.

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