Translated version of this PSD: Serbian
The EBRD is considering providing a senior loan of up to €60 million to UniCredit Bank Serbia JSC (UCB Serbia) for on-lending to SMEs and medium-sized corporates in Serbia. The proceeds of the loan will be used by UCB Serbia to provide medium and long-term financing to private companies for production, investment, trade, services and working capital needs.
The SME and Medium Corporate credit line will contribute to the transition process by maintaining an essential flow of lending to private enterprises at a time when the availability of credit, particularly to SMEs and corporates, has been constrained. Transition impact potential also derives from the demonstration effect associated with the energy savings and will help improvement of competitiveness of the private SME and corporate sector.
UniCredit Bank Serbia JSC (UCB Serbia). As of end-October 2010, UCB Serbia’s total assets amounted to €1,631.3 million and total equity amounted to €290.5 million. The audited 2009 net profit was at €29.7 million. UCB Serbia is a large Serbian bank, with a 6.6% market share of total banking assets as of end-October 2010.
SME and Medium Corporate Credit Line - EUR €60 million, in three equal tranches.
Total project costs of €60 million.
Screened FIs. UCB Serbia will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their 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 subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
No technical co-operation will be granted under the SME and Medium Corporate Credit Line.
UniCredit Bank Serbia JSC
Mrs. Jelena Milosevic - Head of ALM
88, Omladinskih brigada, Airport City
11070 New Belgrade
Phone: 00 381 11 3770 905
Fax: 00 381 11 3770 998
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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