POL'NOBANKA (FORMERLY SLOVENSKA POL'NOHOSPORDARSKA BANKA)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3677

Status Complete

Location

Slovak Republic

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 3677

Status Complete

Location

Slovak Republic

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

22 Oct 1996

Disclosure date

23 May 2001

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Equity Investment of approximately €10.1 million (SKK 437 million) for a 20 per cent share of Pol’nobanka.

The current transaction follows a capital increase for Pol’nobanka in February 2001, which was mainly subscribed by UCI. The objective is to re-capitalise and to support the bank's growth in the retail and corporate market under the guidance of UCI, its new strategic shareholder. The proceeds will be used for: (i) strengthening the capital base and increasing the capital adequacy ratio; (ii) opening, relocating or restructuring existing and new branches to allow the bank to improve its service; and (iii) launching new services and products, especially in the retail sector.

Transition Impact

The investment follows the Bank’s strategy of supporting the consolidation of the Slovak banking sector, especially those medium-sized Slovak banks that lend extensively to small and medium-sized enterprises.

The Client

Pol’nobanka is a full-service, universal commercial bank with headquarters in Bratislava and with a focus on commercial banking and expertise in the agricultural sector. The bank has over 1,000 employees and a large nationwide branch network comprising 47 outlets.

EBRD Finance

Equity investment of SKK 437 million (€10.1 million). The EBRD is about to acquire shares from UCI in order to bring its current shareholding to 20 per cent of Pol’nobanka's share capital. The Bank is currently a 3.8 per cent shareholder.

Project Cost

SKK 437 million (€10.1 million)

Environmental Impact

Pol’nobanka will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, Pol’nobanka will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Company Contact

PSD last updated

01 Feb 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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