Project description
and objectives:
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Proposed subordinated loan up to €10 million to Raiffeisen Bank Jugoslavija (RBJ), to increase the bank’s equity base.
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Transition impact:
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The project would increase financial intermediation in an underdeveloped banking sector by supporting the growth of a prominent foreign bank with a large presence and experience in the region.
Promoting the growth of a creditworthy foreign bank would boost the confidence of depositors in the banking sector and of other investors in the country as well as help the development of healthy competition in the sector.
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The client:
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RBJ is a 100 per cent owned subsidiary of Raiffeisen Zentralbank Osterreich AG. It was granted a banking licence by the National Bank of Yugoslavia in March 2001 and started its business operations on 16 July 2001 with capital of €10 million.
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EBRD finance:
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Up to €10 million subordinated loan facility.
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Total project cost:
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Up to €10 million.
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Environmental impact:
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RBJ will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, RBJ will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Karl von Klitzing, Operation Leader: klitzink@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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