Societe Generale Leasing Serbia - SME Credit Line

Location:

Serbia

Project number:

45580

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

12 Nov 2013

Status:

Complete

PSD disclosed:

23 Sep 2013

Translated version of this PSD: Serbian

Project Description

The EBRD is considering a senior loan to Sogelease Srbija d.o.o Beograd (“SGL” or the “Company”), a subsidiary of Societe Generale Bank Serbia (“SGS” or the “Parent”).

The project aims to support small and medium-sized enterprises (SMEs) by increasing the availability of long-term financing for purchasing equipment and commercial vehicles. Furthermore, the EBRD will support SGL in diversifying its funding base as part of its broader strategy to move towards sustainable long-term funding sources.

Transition Impact

The transition impact will stem from expanding long-term leasing financing to SMEs, particularly outside the capital, for purchasing commercial vehicles and equipment.

Additionally, the project will make a contribution towards lengthening SGL’s funding base to match the tenor of the underlying leases and going forward, accessing sustainable sources of financing.

The Client

SGL is the seventh largest leasing company in Serbia as of end-March 2013 with a market share of 6.8% in terms of total assets. The Company is specialised on leases to SMEs with a strong foothold in equipment and commercial vehicle leasing.

EBRD Finance

Senior loan of up to EUR 20 million to be disbursed in two tranches.

Project Cost

EUR 20 million.

Environmental Impact

Categorised FI. SGL will be required to comply with EBRD's PR 2 and PR 9 and submit annual reports on environmental & social matters and the implementation of the PRs to EBRD.

Technical Cooperation

None.

Company Contact

Sogelease Srbija d.o.o
Nadja Kostic
Email: nadja.kostic@socgen.com
Phone: +381 11 222 1 361

 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

Share this page: