Translated version of this PSD: Serbian
A senior loan of up to €5 million to Banca Intesa a.d. Beograd ('BIB').
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 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.
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
Total Project Cost
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.
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.
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