Project Description
Proposed subordinated loan up to €10 million to Raiffeisen Bank Jugoslavija (RBJ), to increase the bank’s equity base.
Transition Impact
The project would increase financial intermediation in an underdeveloped banking sector by supporting the growth of a prominent foreign bank with a large presence and experience in the region.
Promoting the growth of a creditworthy foreign bank would boost the confidence of depositors in the banking sector and of other investors in the country as well as help the development of healthy competition in the sector.
The Client
RBJ is a 100 per cent owned subsidiary of Raiffeisen Zentralbank Osterreich AG. It was granted a banking licence by the National Bank of Yugoslavia in March 2001 and started its business operations on 16 July 2001 with capital of €10 million.
EBRD Finance
Up to €10 million subordinated loan facility.
Project Cost
Up to €10 million.
Environmental Impact
RBJ will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, RBJ will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.
Technical Cooperation
None.
Company Contact
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
