ProCredit Bank Serbia

complete

The EBRD is considering providing € 10 million senior loan and € 10million subordinated loan to ProCredit Bank Serbia The operations will support ProCredit Bank Serbia at maintaining its leading position in the Serbian market for lending to micro enterprises and SMEs, and will support its capital base. Transition impact will be achieved by ensuring that ProCredit Bank Serbia continues to have access to credit of appropriate tenor to support domestic MSEs, as ProCredit Bank Serbia remains the principal specialised provider of financial services to Serbian MSEs. ProCredit Bank Serbia is specialised in lending to micro enterprises and SMEs in Serbia. It was established in 2001 as a licensed bank under the supervision of the National Bank of Serbia (NBS) by EBRD, KfW, FMO, IFC, Commerzbank, and ProCredit Holding (PCH, formerly IMI). Today, Commerzbank holds 16.7% with PCH holding the remaining shares. In June 2008 PCH took over the EBRD’s stake in ProCredit Bank Serbia. Senior loan of € 10 million, and Subordinated loan of € 10 million. € 20 million. Screened FI (2008). The ProCredit Bank Serbia has been EBRD's client and it has provided satisfactory annual report to the Bank since 2002. ProCredit Bank Serbia is required to comply with the EBRD's Environmental and Social Policy Performance Requirements PRs 2 and PR9. The bank should require that its clients comply with national and EU environmental, OHS standards and national labour laws. The bank is also required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit annual environmental, social, occupational health and safety reports to the Bank. None. Svetlana Tolmacheva Chairperson of the Executive Board ProCredit Bank a.d. Head Office Bulevar despota Stefana 68c 11000 Belgrade, Serbia Tel: +381 11 20 77 991 Fax: +381 11 20 77 905 E-mail: s.tolmacheva@procreditbank.co.yu Web site: www.procreditbank.co.yu Jelena Grbic Controlling Specialist ProCredit Bank a.d Head Office Bulevar despota Stefana 68c 11000 Belgrade, Serbia Tel: +381 11 20 77 612 Fax: +381 11 20 77 983 E-mail: j.grbic@procreditbank.co.yu Web site : www.procreditbank.co.yu