📋 Tender Overview
Location: Serbia
Project number: 55732
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 15,000,000.00
Total Project Cost: EUR 15,000,000.00
Project Description
A senior unsecured loan of up to €15 milion to Banca Intesa Beograd ("BIB"), under the WB Youth in Business Programme.
Project Objectives
The proceeds of the Bank's investment will be used for eligible Youth MSMEs (i.e. youth-led or youth-owned MSMEs) in accordance with the respective Policy Statement.
Transition Impact
ETI score: 72
The project contributes to the objectives of the WB Youth in Business Programme. The project will contribute to the Inclusive Transition Impact quality by: (i) supporting BIB in increasing lending to Youth SMEs, and (ii) building BIB`s capacity and skills to better understand and cater to the Youth SMEs segment. As per FIF market expansion objectives, BIB will increase lending to Youth SMEs, reach new clients, and finance clients in the regions outside of the capital city, thus supporting the Competitive TI quality.
