Western Balkans/Croatia Financing Framework IV

Location:

Regional

Project number:

46294

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

11 Jun 2014

Status:

Board Approved

PSD disclosed:

29 Apr 2014

Sub-projects signed under this framework

Project Description

The EBRD is considering extending the existing Western Balkans Financing Framework. The proposed Framework builds on the successful implementation of a regional multi-client, multi-product framework facility by extending it by an additional €200 million. Under the proposed facility, the EBRD will continue to provide its partner financial institutions (“PFI”s) in Albania, Bosnia and Herzegovina, FYR Macedonia, Kosovo, Montenegro and Serbia a full range of financial products including mortgage financing, MSME credit lines, consumer finance, leasing finance, guarantee facilities, syndicated loans, subordinated debt and equity investments.

Transition Impact

The proposed Framework will continue to support the financial sectors in the Western Balkans through a combination of debt, equity and quasi-equity financing while at the same time will promote adherence to best practices in corporate governance and strengthen financial discipline. It will facilitate the strengthening of MSME lending and further development of mortgage finance, consumer finance, factoring, leasing and insurance products. Further improvements in operational efficiency and the increased amount of financing made available by EBRD are expected to increase competition, thus contributing to greater efficiency, innovation and customer orientation in the financial sectors of the region.

The Client

PFIs to be financed under this Framework will continue to include commercial banks, leasing companies, non-bank microfinance institutions, factoring companies, consumer finance companies and insurance companies. PFIs should meet sound banking and corporate governance standards to become eligible.

EBRD Finance

€200 million in debt, equity and guarantee facilities to eligible financial intermediaries.

Project Cost

€200 million.

Environmental Impact

Categorised FI. PFIs under the Framework will be required to comply with PRs 2 and 9 and relevant Environmental and Social Procedures that will be determined on a case by case basis. The E&S Procedures commit the PFIs to ensuring compliance with the applicable national environmental, health, safety and labour standards and regulations, adherence to the EBRD’s Environmental and Social Exclusion and Referral List s and submission of Annual Environmental and Social Reports to EBRD.

Technical Cooperation

Technical cooperation (“TC”) funding will be sought, as needed, on a project by project basis. Where applicable, tailor made technical assistance will be made available to PFIs in order to achieve the stated goals under this Framework. The TC assignments will contribute to the overall institution building of recipient PFIs aimed at strengthening the sustainability of their operations and expanding their outreach.

Company Contact

Respective PFIs of each sub-project.

For WBFF IV:
Alfonso Vega A.
Principal Banker, EBRD
Tel: +44 (0) 207 338 7206
Email: VegaA@ebrd.com

 

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.