RAIFFEISEN BANK D.D. BIH-SYNDICATION

Location:

Bosnia and Herzegovina

Project number:

34559

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

25 Nov 2003

Status:

Complete

PSD disclosed:

07 Aug 2003

Project Description

The proposed €45 million syndicated senior loan would be used by Raiffeisen Bank d.d. Bosnia and Herzegovina (RB-BiH) to extend medium and long-term loans to its private corporate clients including SMEs.
The proposed syndicated loan will be the first-ever syndication in Bosnia and Herzegovina (BiH) and will mobilise resources from commercial banks that may otherwise be reluctant to lend to the BiH banking sector.

Transition Impact

The first-ever syndication in BiH will provide indirect support to private companies including SMEs that do not have an easy access to medium and long-term finance. The project will further support RB-BiH, the leading private bank in BiH, to diversify its funding sources by mobilising resources from commercial banks that may not otherwise be willing to enter the BiH market. The project will also have a strong demonstration impact by helping the market leader in the BiH banking sector that is willing to adopt best international banking practices and embrace required changes.

The Client

Raiffeisen Bank d.d. Bosnia and Herzegovina is the largest bank in BiH and was established in 1992 as Market Banka d.d. Sarajevo. The bank was renamed in 2000 when it was acquired by Raiffeisenbank Austria who currently holds 94% of RB-BiH with the EBRD being the second shareholder.

EBRD Finance

Up to €45 million syndicated senior loan under an A/B structure. The EBRD is expected to retain up to €15 million for its account (the A-Loan). The balance of up to €30 million will be syndicated to commercial banks (the B-Loan).

Project Cost

Up to €45 million

Environmental Impact

RB-BiH will continue to carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing procedures, RB-BiH will require its borrowers to comply, at a minimum, with national/local health, safety, environmental and public consultation requirements. RB-BiH will continue to report to EBRD on environmental, health and safety performance of its sub-loans.

Technical Cooperation

None.

Company Contact

Raiffeisen Bank Bosnia and Herzegovina 
Michael Müller
Tel: +387 33 287 102; Fax: +387 33 206 128
Email: ibaamgm@rbb-sarajevo.raiffeisen.at
 

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)

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Text of the PIP

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