A programme for the provision of up to EUR 50 million of debt, equity and quasi-equity financing to selected banks that are private, or in the process of privatisation, in Slovenia.
The Framework’s objective is to promote the development of a market-oriented economy in Slovenia by supporting the growth, development, and strengthening of quality financial institutions. The main use of proceeds for the funding under the Framework will be: to provide additional capital, in Tier 1 and Tier 2 form, and to provide additional long-term funding to be on lent in an agreed manner.
Strengthening the financial sector will ultimately be of benefit to the real economy and small and medium-sized enterprises, as it will result in both improved financial intermediation in the economy and improved financial services for individuals and enterprises. All projects will aim to assist local Slovenian banks in diversifying and strengthening their funding base, which will in turn allow the local banks to expand their operations. It is also expected that the projects will contribute to the consolidation of the financial sector in the country.
Various Slovenian banks.
The first project will be a EUR15 million subordinated loan to Nova Ljubljanska Banka. The subordinated loan will be part of the EUR 25 million subordinated debt issue of Nova Ljubljanska Banka arranged by ABN AMRO.
EUR 50 million framework for financial sector activities in Slovenia.
Participating banks will be required to implement environmental procedures, based on the EBRD’s Environmental Procedures for Intermediated Lending through Local Banks, to their lending and investment activities. Environmental due diligence training will be offered to participating banks, including the development of tailored environmental procedures manuals, which will form the basis of environmental due diligence efforts. Participating banks will ensure that borrowers are not engaged in activities listed on the Bank’s Environmental Exclusion List, and require that borrowers are in compliance, at a minimum, with Slovenian health, safety and environmental requirements. In its "Environmental Performance Review of Slovenia" dated May 1997, the Economic Commission for Europe concluded that despite differences in legislative structure, the Slovene approach to environmental protection is compatible with that of the EU and that the final results are very similar. Slovenia has been working to harmonise its approach further, and is tightening legislation in key areas, such as water quality, waste management and nature protection.
By including environmental considerations in their lending and investment criteria and ongoing monitoring, the banks will be raising awareness of environmental issues within client companies and supporting the enforcement activities of the environmental authorities in Slovenia. The overall environmental impact of the operation will therefore be positive.
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
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.