ProCredit Bank Serbia - Senior Loan

Location:

Serbia

Project number:

42496

Business sector:

Notice type:

Private

Environmental category:

FI

Approval date:

22 Nov 2011

Status:

Completed

PSD disclosed:

05 Oct 2011

Translated version of this PSD: Serbian

Project Description

EBRD is considering a senior loan of up to €30 million to ProCredit Bank Serbia (PCBS) for on-lending to micro, small and medium enterprises (MSMEs) in Serbia.

Transition Impact

The project would increase the availability of medium-term funding for Serbian MSMEs, which are the main source of private sector employment and major contributors to the country’s economy.

With its outreach to the rural areas, PCBS is uniquely placed to provide much needed financing to the smallest regional businesses and to contribute to the development of the MSME lending in the country.

The Client

ProCredit Bank Serbia (“PCBS”) is a leading microfinance bank in Serbia operating through 61 branches and ranking 14th (out of 33 banks) by total assets, with a 2.4% market share. It is owned by ProCredit Holding (83.33%) and Commerzbank (16.67%).

EBRD Finance

Senior loan of up to €30 million.

Project Cost

Up to €30 million.

Environmental Impact

Categorised FI. PCBS will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) and implement sub-projects in accordance with the Bank’s Environmental procedures for Small and Micro Loans. PCBS will also be required to submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Jelena Grbic, ProCredit Bank a.d, Serbia
Telephone: +381 11 2077612
Email: j.grbic@procreditbank.rs

 

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.