Translated version of this PSD: Bosnian
A senior loan of up to EUR 15 million to Intesa Sanpaolo Banka d.d. BiH ('ISP BiH') for on-lending to eligible private individuals for housing purposes.
The proceeds of the loan will be used by ISP BiH to provide long-term financing for residential mortgage lending in Bosnia and Herzegovina.
Transition impact is expected to derive from (i) the expansion of the mortgage market in Bosnia and Herzegovina; (ii) working together with authorities on the introduction of macro prudential standards for mortgage lending and; (iii) reducing the maturity mismatch between assets and liabilties by providing long term funding.
INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINA
ISP BiH is the fourth largest bank in Bosnia and Herzegovina with assets of EUR 954 million and a market share of 6.8% by total assets as of 31 December 2017. The Bank is headquartered in Sarajevo and services the entire territory of Bosnia and Herzegovina through a wide network of branches, regional corporate centres and ATM's. ISP BiH is 99.9% owned by Privredna Banka Zagreb.
EBRD Finance Summary
Up to EUR 15 million available in two tranches.
Total Project Cost
Environmental and Social Summary
Categorised FI under the EBRD's Environmental and Social Policy 2014. ISP BiH is an existing client, is compliant with PRs 2, 4 and 9 and provides regular reporting on its E&S performance.
For this transaction they will be required to implement the EBRD's Environmental and Social Risk Management Procedures for Mortgage Lending and continue to comply with PRs 2, 4 and 9.
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