Ohridska Banka - SME CL 2012

Location:

FYR Macedonia

Project number:

43495

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

17 Apr 2012

Status:

Complete

PSD disclosed:

16 Mar 2012

Project Description

The EBRD is considering providing a €10 million loan to Ohirdska Banka (‘OB’) to support bank’s growth strategy in FYR Macedonia and maintain the availability of financing for Macedonian small and medium-enterprises.

The proceeds of the EBRD loan will enable OB to expand its activity in sectors which are believed to have most potential and in Macedonian regions where OB is yet to strengthen its presence to the benefit of local enterprises.

The loan will be extended in two tranches of €5 million, the second tranche will be uncommitted.

Transition Impact

The Loan will support OB’s plans for both regional and sector expansions.

The Client

Ohridska Banka is the fourth largest bank in FYR Macedonia with Total Assets of €395 million as of 30 Sep 2011 and a network consisting of 28 branches.

Societe Generale is the dominant shareholder and holds 70 per cent of Ohridska’s capital.

EBRD Finance

€10 million in two tranches of €5 million, the second tranche will be uncommitted.

Project Cost

€10 million.

Environmental Impact

Categorised FI. OB will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None.

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.