Translated version of this PSD: Serbian
A senior loan of up to €60 million to UniCredit Bank Serbia JSC ("UCB") for mortgage lending.
The proceeds of the loan will be used by UCB to provide long-term financing for residential mortgage lending in Serbia.
Transition impact is expected to derive from the expansion of the mortgage market in Serbia through provision of long term funding. Mortgage penetration remains low in Serbia and mortgage lending has further room for growth subject to availability of sufficiently long-term funding.
UNICREDIT BANK SERBIA JSC
With total assets of EUR 3.7 billion as at end-2018, UCB is one of the leading and largest universal banks in Serbia with strong foothold in corporate and consumer lending. It is one of the most profitable banks in Serbia with outstanding operating efficiency and strong branch network. UCB is 100% owned by UniCredit Spa, Italy.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (2014 ESP). UCB is an existing client of the Bank and is satisfactorily implementing the Bank's E&S requirements. UCB will be required to continue to comply with the EBRD's Performance Requirements (PRs) 2, 4 and 9 and continue submitting the EBRD FI Sustainability Index to the Bank on an annual basis. UCB will be required to comply with the EBRD's E&S Procedures for Mortgage Lending.
Company Contact Information
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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Project Complaint Mechanism (PCM)
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