UniCredit Bank d.d. SME Credit Line (Unicredit Group)

Location:

Bosnia and Herzegovina

Project number:

40260

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

06 May 2009

Status:

Completed

PSD disclosed:

08 May 2009

Project Description

The EBRD is making investments worth a total of EUR 432.4 million to UniCredit subsidiaries across eight eastern European countries, as part of a joint effort to tackle the impact of the global economic crisis on the region. The aim is to provide medium and long-term debt financing through Unicredit subsidiaries in support of SMEs, lease finance and energy efficiency projects.

The EBRD investments are part of the joint pledge by the EBRD, the World Bank Group and the European Investment Bank (EIB) to provide over EUR 24 billion in support of the banking sectors in the region and to fund lending to businesses hit by the global crisis.

Transition Impact

The EUR 432.4 million investments consist of debt and Tier 2 capital for UniCredit subsidiaries in support of SMEs, lease finance and energy efficiency projects across eight countries.

The SME credit lines will contribute to the transition process by supporting the constrained SME market and maintaining an essential flow of lending to this group of enterprises.

The Energy Efficiency credit line will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending.

The Tier 2 capital (to Ukrsotsbank) will strengthen its capital base, while at the same time sustaining lending to enterprises in the country.

The Client

Eleven UniCredit Group subsidiaries in eight countries of EBRD’s region. UniCredit is the largest banking group in the central and eastern European region, with over 4,000 branches in 19 countries. The group has invested around EUR 10 billion of equity in central and eastern Europe and has around EUR 85 billion of total customers’ loans in the region.

EBRD Finance

No

 

Client

Country

Type of finance

Loan currency

Amnt mln

EUR mln

1

 

UC Bank Hungary

Hungary

SME

EUR

 

50.0

2

 

Bulbank

Bulgaria

SME

EUR

 

50.0

3

 

Zagrebacka Banka

Croatia

SME

EUR

 

50.0

4

 

UC Bank Serbia

Serbia

SME

EUR

 

30.0

5

 

UC Bank Bosnia

Bosnia

SME

EUR

 

30.0

6

 

UC Leasing Serbia

Serbia

leasing

EUR

 

15.0

7

 

UC Leasing Bosnia

Bosnia

leasing

EUR

 

15.0

8

 

UC Leasing Ukraine

Ukraine

leasing

USD

25

19.6

9

 

ATF

Kazakhstan

SME

USD

70

55.0

10

 

ATF

Kazakhstan

Energy Efficiency

USD

30

23.6

11

 

Ukrsotsbank

Ukraine

Tier 2 capital

USD

100

78.5

12

 

ATF Kyrgyzstan

Kyrgyzstan

SME

USD

20

15.7

 

 

 

 

 

 

 

 

 

 

Total :

 

 

 

 

432.4

Project Cost

A total of EUR 432.4 million.

Environmental Impact

The UniCredit subsidiary borrowers will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans and borrowers will be required to conduct their business in accordance with PR 2. The borrowers will be required to comply with applicable national environmental, health and safety and labour requirements, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.

Technical Cooperation

None, except for the energy efficiency credit lines where technical assistance is an integral part of the funding.

Company Contact

Michael Schlögl and Massimiliano Sinagra
UniCredit Bank Austria
Member of the UniCredit Group

8323 Group ALM
Julius-Tandler-Platz 3
1090 Wien / 1090 Vienna
Österreich / Austria
Tel. / Phone +43 (0) 50505 82568 or 82055
Fax +43 (0) 50505 82562

 

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

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 (pcm@ebrd.com) 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.