The EBRD is considering a senior loan of up to €40 million to UniCredit Bank Serbia JSC for on-lending to private SMEs in Serbia. The proceeds of the loan will be used to provide medium and long-term financing 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 improvement of competitiveness of the private SME sector and the availability of longer tenor financing supportive of investment.
At the end of 2013, UniCredit Bank Serbia’s total assets amounted to €2.198 million and total equity € 441 million, while the net profit reached €33 million. UniCredit Bank is ranked third among Serbian banks in terms of total assets, with a market share of 8.85% of total banking assets as of end-December 2013.
SME Credit Line - €40 million, in two equal tranches.
Categorised FI. UniCredit Bank Serbia will be required to comply with EBRD’s 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 Lending 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 is an existing client with good environmental standards.
UniCredit Bank Serbia JSC
Mr. Nebojsa Petrovic
Head of Business Strategy and Development
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