UCB Serbia - SME and medium Corporate Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

02 Mar 2011



PSD disclosed:

13 Jan 2011

Translated version of this PSD: Serbian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

SME and Medium Corporate Credit Line - EUR €60 million, in three equal tranches.

Project Cost

Total project costs of €60 million.

Environmental Impact

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.

Technical Cooperation

No technical co-operation will be granted under the SME and Medium Corporate Credit Line.

Company Contact

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
E-mail: jelena.milosevic@unicreditgroup.rs


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

Share this page: