Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

07 Sep 2004



PSD disclosed:

04 Jul 2004

Project Description

The proposed project involves the provision of a long-term loan to SGYB in support of its residential mortgage lending operations.

Transition Impact

The banking sector intermediation level in Serbia is still low compared to other CEE countries. Limited access to long-term funding is one of the impediments for higher lending activity by banks. The long-term loan from the EBRD will allow SGYB to increase its mortgage lending operations in the market where this type of lending is only developing.
SGYB will be required to use in its mortgage lending activities a standardised loan documentation lending procedure which will allow for issuance of mortgage backed securities in the future.  

The Client

SGYB was established in 1990 as a joint-venture bank. Since 2001, it is a full subsidiary of Société Générale, Paris.  Over the past three years SGYB’s operations have grown significantly as a result of expanded product range to retail and corporate customers. To date, SGYB is the 8th largest bank by total assets in Serbia with a branch network of 22 offices.

EBRD Finance

Residential mortgage loan in the amount of € 10 million.

Project Cost

Residential mortgage loan in the amount of € 10 million.

Environmental Impact

Société Générale Yugoslav Bank will carry out its operations in accordance with the EBRD's Environmental Procedures for Residential Mortgage Lending. SGYB will require a survey for each property financed on the primary market to ensure, among other things, that environmental, health and safety issues such as contaminated land and the presence of harmful materials are identified and any applicable standards for health and safety are met. SGYB will provide the Bank with annual environmental, health and safety reports and notifications on material issues that may have environmental, health and safety implications.

Technical Cooperation


Company Contact

Société Générale Yugoslav Bank 
Vladimira Popovica 6,
11070 Belgrade
Serbia and Montenegro
Tel: (381) 11 145 190

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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 ( 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.

Share this page: