Translated version of this PSD: Bulgarian
Project Description
The EBRD is considering providing a €75 million loan to Société Générale Expressbank in Bulgaria under a Partnership for Growth facility. The loan will be extended in three tranches to support the bank’s strategy over the following three calendar years for robust growth and increased lending focused on the small and medium-sized enterprises (“SMEs”) segment.
Transition Impact
By supporting a strong and dedicated player on the Bulgarian banking market, the Project is expected to lead to increased volume of new lending activities, especially lending to SMEs which continue to face funding constraints in the current difficult economic environment. The loan will also contribute to SG Expressbank’s strategy of diversifying its funding structure.
The Client
Societe Generale Expressbank is the eighth largest bank in Bulgaria, with total assets of EUR 1.8 billion as at the end of September 2012, and is 99.7% owned by Société Générale S.A. Paris.
EBRD Finance
Senior loan in the amount of €75 million.
Project Cost
€75 million.
Environmental Impact
Categorised FI: Société Générale Expressbank will be required to comply with EBRD’s Environmental Performance (“PR”) 9 when making local loans, conduct its business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank.. The sub-borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
Technical Cooperation
None.
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
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.
