Translated version of this PSD: Serbian
The EBRD is considering a senior loan of up to EUR 30 million to UniCredit Bank Serbia JSC to be on-lent by UniCredit Bank Serbia to private SMEs in Serbia. The proceeds of the loan will be used by UniCredit Bank Serbia to provide medium and long-term financing to private SME companies for production, investment, trade, services and working capital needs.
The SME 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, 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 sector.
At the end of the third quarter 2012, UniCredit Bank Serbia’s total assets amounted EUR 1,922.2 million and total equity EUR 382.8 million, while the net profit reached EUR 26.8 million. UniCredit Bank is ranked third among Serbian banks in terms of total assets, with a 7.9% market share of total banking assets as of end-September 2012.
SME Credit Line - EUR 30 million, in two equal tranches.
Total project costs of EUR 30 million.
Categorised FI. UniCredit Bank Serbia will be required to comply with EBRD’s l Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, implement the EBRD’s E&S Procedures for Corporate Loans and submit Annual Environmental and Social Reports to the Bank. Borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
UniCredit Bank Serbia JSC
Mr. Niksa Vusurovic, Head of Market Analysis and Products Section
Phone: 00 381 11 3204 568
For business opportunities or procurement, contact the client company.
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
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.