PRS - BiH UniCredit Bank d.d

Location:

Bosnia and Herzegovina

Project number:

50446

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

25 Apr 2019

Status:

Signed

PSD disclosed:

18 Mar 2019

Translated version of this PSD: Bosnian

Project Description

A portfolio risk sharing project in the form of a financial guarantee of up to EUR 10 million equivalent to cover the credit risk of up to 50% of an existing portfolio of granular SME loans of up to EUR 20 million originated by UniCredit Bank d.d ("UBM").

Project Objectives

UBM aims to expand its SME lending during the length of the project.

Transition Impact

The transition impact will derived from the innovative aspect of the facility, which is expected to help to support additional lending to SMEs (Competitive quality) and the capital structure of the partner bank (Resilient quality).

Client Information

UNICREDIT BANK DD

UBM is a universal commercial bank and the largest bank in BiH on a standalone basis (as of end-2017): 18.9% market share by total assets; 18.2% market share by loan portfolio; 20% market share by total deposits; 76 branches covering almost all major cities and towns in the FBiH; more than 530 thousand active clients; and 1,262 employees.

EBRD Finance Summary

EUR 10,000,000.00

Total Project Cost

EUR 10,000,000.00

Environmental and Social Summary

UBM is satisfactorily managing environmental and social risks within its existing portfolio by applying the EBRD's Environmental and Social Risk Management Procedures, adopted under existing
exposures. For this new transaction they will need to continue to comply with PRs 2, 4 and 9, and provide annual reporting.

Technical Cooperation

None.

Company Contact Information

Sanela Simic Cvitkovic
sanela.simiccvitkovic@unicreditgroup.ba
+387 36 356 086
www.unicredit.ba
UniCredit Bank d.d, Kardinala Stepinca bb, 88000 Mostar, Bosna i Hercegovina

 

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