Ohridska Banka - SME CL 2012

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The EBRD is considering providing a €10 million loan to Ohirdska Banka (‘OB’) to support bank’s growth strategy in FYR Macedonia and maintain the availability of financing for Macedonian small and medium-enterprises. The proceeds of the EBRD loan will enable OB to expand its activity in sectors which are believed to have most potential and in Macedonian regions where OB is yet to strengthen its presence to the benefit of local enterprises. The loan will be extended in two tranches of €5 million, the second tranche will be uncommitted. The Loan will support OB’s plans for both regional and sector expansions. Ohridska Banka is the fourth largest bank in FYR Macedonia with Total Assets of €395 million as of 30 Sep 2011 and a network consisting of 28 branches. Societe Generale is the dominant shareholder and holds 70 per cent of Ohridska’s capital. €10 million in two tranches of €5 million, the second tranche will be uncommitted. €10 million. Categorised FI. OB will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements. None.