PRVA KOMUNALNA BANKA A.S. (CREDIT LINE)

Location:

Slovak Republic

Project number:

3813

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

15 Jul 1997

Status:

Completed

PSD disclosed:

12 Jun 1997

 

Project Description

Credit line of DM 20 million to Prvá komunálna banka for on-lending to private enterprises.

The project aims to: (i) support a developing regional private sector financial institution in the Slovak Republic that is committed to the local market and the expansion of its term lending operations for investment purposes; (ii) develop financial intermediation; (iii) finance indirectly investment projects that the EBRD cannot finance itself due to their small size; (iv) increase long-term funding on the Slovak market for financing medium and long-term investment projects of private sector enterprises established and operating in the Slovak Republic or in the Czech Republic.

Transition Impact

The credit line will support the growth and strengthening of the private sector by advancing its modernisation and restructuring.

The Client

Prvá komunálna banka is a regional universal financial institution providing a full range of commercial banking services to its corporate and retail clients. At 31 March 1997 it had net worth of DM 58.4 million and total assets of DM 712.4 million.

EBRD Finance

The credit line of DM 20 million (ECU 10.8 million) will be available in two tranches of DM 10 million each. The two tranches will each have seven years total maturity with an 18 months grace period. The credit line will support the development of a private sector regional financial institution in the Slovak Republic and expand the currently limited long-term resources available in the country to private sector enterprises for financing medium and long-term investment projects.

Project Cost

DM 20 million (ECU 10.8 million).

Environmental Impact

The project does not require an environmental audit. Sub-projects will be financed in accordance with the EBRD's environmental procedures for financial intermediaries.

Technical Cooperation

None

Company Contact

 

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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