Raiffeisen Bank BH-Senior SME & Retail Loan

Location:

Bosnia and Herzegovina

Project number:

37031

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

05 Sep 2006

Status:

Completed

PSD disclosed:

25 Jul 2006

Project Description

A medium-term EUR 20 million credit facility for on-lending purposes. Raiffieisen Bank dd BiH would use proceeds of the loan to provide medium-term financing to its customers, small and medium sized enterprises (SMEs), as well as retail sector clients.

Transition Impact

By providing scarce medium to long- term funding, the project will stimulate growth within the private SME sector and at the same time support access to term finance to SMEs in the regions where such finance is scarce.

The Client

Raiffeisen Bank dd BiH (RBBH) is ranked as the largest bank and is also one of the most profitable in BiH. The Bank is majority owned by RZB, the leading bank of the Austrian Raiffeisen Banking Group.

EBRD Finance

A EUR 20 million five-year credit facility.

Project Cost

EUR 20 million.

Environmental Impact

RBBH has has been applying EBRD’s Environmental Procedures since 2000. RBBH will be required to continue to:

  • Implement EBRD’s Environmental Procedures for Financial Intermediated Local Banks;
     
  • Adhere to the Bank's Environmental Exclusion and Referral List;
     
  • Ensure compliance of clients with applicable national requirements for environment, health, safety, labour and public consultation.

Technical Cooperation

None.

Company Contact

Edin Muftic, Chief Executive Officer
Danijela Ozme 4
71000 Sarajevo
Bosnia and Herzegovina

Phone/Fax:+387 33 214-900

Email: edin.muftic@rbb-sarajevo.raiffeisen.at

 

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