XM-DAC-903-SII-31072 International Finance Corporation IFC is considering an investment up to US$75 million in Euro equivalent in Victoria Group a.d. (Victoria, or the Group). Victoria is a leading agro industrial group in Serbia with a primary focus on processing of soybean and sunflower oilseeds and grain trading. The Group employs over 1,800 people. IFCs loan proceeds will be used to finance the Groups permanent working capital financing needs and restructure the Groups debt financing towards a longer term, more stable structure that is suitable for the nature of the Groups operations. The long-term facility will be used partially to provide input financing to farmers needed to produce oilseeds for processing on the Groups plants. Thereby, IFCs investment is expected to strengthen the support to farmers and increase the sustainability of the Groups operations. The development impact of the Project is expected to include: (i) Strengthening of agribusiness linkages and support to farmers: given the strong linkages of Victoria Group with farmers, provision of longer term permanent working capital will help ensure stable access of pre-harvest financing to farmers; (ii) Job preservation: the Group employs about 1,800 people across its operation and collaborates with about 400 partners which in turn supply the Group from over 25,000 farmers; (iii) Increase tax revenues: IFC''s investment will contribute to the growth of government revenues from taxation; and (iv) Addressing food security concerns: IFC''s investment will contribute to food security and in meeting the challenges of increasing demand and food crisis. VICTORIA GROUP AD BEOGRAD Natasa Petronijevic Risk and Compliance Manager, Victoria Group Bulevar Mihaila Pupina 115b, 11070 Novi Beograd, Serbia Phone: + 381 11 35 32 352 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Victoria Group a.d. Bulevar Mihaila Pupina 115b, 11070 Novi Beograd, Serbia WEB: http://www.victoriagroup.rs Serbia The Group is headquartered in Belgrade, Serbia. IFCs investment would support the Groups agriculture-related operations concentrated in the northern Serbian province of Vojvodina. The Group owns and operates two oilseed processing plants in Becej and Sid; a fertilizers production facility and a port at Backa Palanka. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 A-AC - Other Vegetable Oil Crops (Coconut, Rapeseed, Peanut, Sunflower, etc.) Total: $74.13 million 74130000.00 74130000.00 VICTORIA GROUP AD BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31072/victoria-group XM-DAC-903-SII-31867 International Finance Corporation The Vino Zupa AD project includes a corporate loan of up to EUR 12.5 million for capital investments, including additional bottling and fruit concentrate capacity and investment in the energy block (EUR 3 million); (ii) E&S wastewater treatment improvements to bring the Company into compliance in accordance with IFC Performance Standards and applicable World Bank Groups Environmental, Health and Safety Guidelines and EU standards (EUR 1.5 million); (iii) re-financing a portion of its existing short / medium term debt facilities (with up to 2 year maturities) on a longer term basis (EUR 6 million); and (iv) provision of additional, permanent working capital (EUR 2 million) (the Project). The Project will enhance the Companys E&S standards and overall performance, reduce funding risk and strengthen the Companys liquidity position. During appraisal, IFC has also explored possible AS work with regard to supply chain linkages, inclusive business opportunities and sustainable business practices. The development impact of the project is expected to include: (i) strengthening of agribusiness linkages and indirect support to farmers; (ii) support of a Company based in a frontier region in southern Serbia, one of the least developed areas in the country; (iii) support of an agriculture company involved in value added production and exports in a sector important to the Serbian economy; and (iv) job preservation in a severely underdeveloped region where a substantial portion of the local population depend on the Company for the livelihoods. VINO ZUPA AD Mr. Rade Jevtovic 37230 Aleksandrovac Krusevacka 36 str. Serbia Phone: +381 37 3552 002 Fax: .381 37 3552 258 e-mail: mailto:director@vinozupa.com http://www.vinosupa.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Vino Zupa 37230 Aleksandrovac Krusevacka 36 str. Serbia Serbia Vino Zupa is located in Alexandrovac, Serbia and Povardarie AD is located in Negotino, FYR Macedonia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 BA - Soft Drink Total: $16.52 million 16520000.00 16520000.00 VINO ZUPA AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31867/vino-zupa-ad XM-DAC-903-SII-32554 International Finance Corporation Komercijalna Banka ad Beograd (KBB or the Bank or the Company) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. The Project consists of a Senior Loan of EUR 50 million up to 7 years, including 2 years grace period, to support an existing client of IFC, a systemic bank in the Serbian banking sector, in its growth in housing finance for low income population. By supporting its portfolio client, IFC will bolster mortgage finance for low-income clients by providing more liquidity at the retail level for low income housing, besides helping bank to increase its market share in the mortgage sector. Access to mortgage finance will inherently boost the historically strong construction sector- one of the key catalysts of sustainable growth in the local economy. KOMERCIJALNA BANKA Jelena urovi Strategic Planning Officer 11000 Beograd Svetog Save 14, Serbia Phone: (+381 11) 3080 377 Fax: (+381 11) 344 0033 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia KBB is headquartered in Belgrade, Serbia, serving throughout the country by 235 operational units (23 branches plus sub-branches). Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AB - Commercial Banking - Housing Finance Total: $66.93 million 66930000.00 66930000.00 KOMERCIJALNA BANKA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32554/kbb-mortgage XM-DAC-903-SII-32752 International Finance Corporation Serbian WinCo d.o.o. (Electrawinds Serbia or the Company) is developing a 42 MW greenfield wind farm project near the town of Alibunar in the Banat region of Serbia (north-eastern part of the country, near the Romanian border) (the Project). If successful, the Project will become one of the first wind farms in the country. The Company is a special purpose entity established solely for the development of the Project and is 100% owned by Electrawinds SE (Electrawinds or the Sponsor). With its aspirations to join the EU, Serbia has incorporated renewable energy targets in its energy policy, and will be increasingly bound by these in future. At the same time, the region suffers from increasing energy deficits, which place a premium on domestic energy generation. IFCs involvement in the financing of the Project is expected to provide strong support to the nascent renewable energy sector in Serbia. IFC''s development impact in this Project includes: (i) Demonstration Effect: Through this Project, which will be one of the first wind farms in Serbia, IFC will be supporting the renewable energy sector in the country and hence will set an example to potential investors and financial institutions; (ii) Increasing Renewable Energy Capacity: The Project envisages adding 42 MW of wind energy capacity in Serbia where the share of coal fired generation constitutes approximately two thirds of total electricity generation; and (iii) Displacement of GHG Emissions: The Project is expected to displace carbon from the country''s thermal generation plants, reduce pollution and contribute to the effort to combat global warming. Once completed the Project is expected to avoid an average annual GHG emission of 48,650 tCO2 (with total GHG avoided estimated at 778,400 tCO2). ELICIO ALI VE D.O.O. BEOGRAD Contact Person: David De Brabant Address: John Cordierlaan 9 | 8400 Oostende Belgium Telephone Number: +32 59 569 700 Fax Number: +32 59 569 701 Email Address: mailto:david.debrabant@electrawinds.be Website: http://www.electrawinds.be International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Contact Person: Alexander Vulovic Address: Vladimira Popovia 8, Office 811 | 11070 New Belgrade Telephone Number: +381 11 7853 705 Fax Number: +381 11 31 222 57 Mob +381 62 471 064 Email Address: mailto:alexander.vulovic@electrawinds.be Website: http://www.electrawinds.be Serbia The Project is located near the town of Alibunar in the Banat region of Serbia (north-eastern part of the country, near the Romanian border). The Project site is located in rural area and is greenfield. The Project site is 250 meters to the state road. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 V-BC - Wind Power - Renewable Energy Generation Total: $25.50 million 25500000.00 25500000.00 ELICIO ALI VE D.O.O. BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32752/alibunar-wpp XM-DAC-903-SII-33839 International Finance Corporation The proposed investment involves providing debt financing for a 158 MW greenfield wind power plant, in the Kovin municipality Serbia (the Project). The Project is wholly owned by Vetroelektrane Balkana d.o.o - WEBG (the Project Company), a limited liability company incorporated in Serbia. The capital expenditure required to implement the Project amounts to approximately EUR 300 million. Construction of the project has commenced in 2017 and commercial operations are expected to begin by Q4 2018/Q1 2019. The Project is being primarily developed by Abu Dhabi Future Energy Company PJSC (Masdar) and the generated electricity will be sold to the Serbian guaranteed supplier of electricity i.e. Elektro Privreda Srbije (EPS) under a 12-year Power Purchase Agreement. The IFC investment would: (i) Increase generation from renewable assets by 158 MW representing 2% of the country's generation capacity and help Serbia meet its national strategy and EU renewable energy targets as a candidate country; (ii) Reduce CO2 emissions (the Project is expected to avoid 388,047 tonnes of CO2 every year during its operation) and contribute to climate change reduction; and (iii) Support GoS' goal of increasing private sector investment in the power sector where 99% of energy generation is still owned by the state. VETROELEKTRANE BALKANA D.O.O Vetroelektrane Balkana Zeljko Djuric Director +381112441431 zdjuric@teslawind.rs Djure Jaksica 6 11000 Belgrade, Serbia International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Any queries and/or comments about the Project may be directed to: Mr. Zeljko Djuric   Djure Jaksica 7   Belgrade 11000  Tel  +381 11 xxxxx   Fax + 381 11    Mob +381 xx  xx mailto:     zdju   ric@teslawind.rs      Serbia The proposed site is located about 50 km to the north east of Belgrade in Kovin municipality. The site covers an area of approximately 3,700 ha on reasonably flat terrain with ground elevations ranging between 127 m and 150 m above sea level. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 V-BC - Wind Power - Renewable Energy Generation Total: $73.88 million 3000000.00 70880000.00 3000000.00 VETROELEKTRANE BALKANA D.O.O 70880000.00 VETROELEKTRANE BALKANA D.O.O Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33839/dolovo-wind XM-DAC-903-SII-36797 International Finance Corporation Eurobank a.d.Beograd is a subsidiary of Eurobank Ergasias. The bank is the seventh largest bank by total assets in Serbia. It is a universal bank, operating through the network of more than 100 branches and business centers across the country. Eurobank a.d. entered Serbian market through acquiring Postbank Beograd a.d. in March 2003 and in October 2006 Nacionalna tedionica - banka a.d. International Finance Corporation ("IFC") proposed financing of up to EUR35 million is to support the Banks lending portfolio for the purpose of housing/mortgage lending and trade finance activities. In result this project will: - Directly stimulate development and growth in Serbia''s mortgage market through access for finance for low income clients by providing more funds available at the retail level for low-income housing. Help the Bank to increase its market share in the mortgage sector; - Support growth and export promotion in the country by increasing access to short term financing for working capital and trading needs of companies in Serbia with direct impact on country''s economic growth. - Promote job opportunities by supporting growth to key economic sectors. Eurobank Direktna AD Predrag Nikolic Head of Corporate Strategy & Transactional Banking Department Corporate Banking Division   Eurobank a.d. Beograd Vuka Karadia 10, Belgrade, Serbia Tel: + 381 11 206 5875 Fax: + 381 11 218 6569 E-mail: mailto:predrag.nikolic@eurobank.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Eurobank a.d. has over 1,500 employees via business network of 100 branches and business centers with over 900,000 clients throughout the country. Head office building, Eurobank Centre, is in Belgrade center at Vuka Karadia 10, Belgrade, Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AB - Commercial Banking - Housing Finance Total: $38.35 million 38350000.00 38350000.00 Eurobank Direktna AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36797/eurobank-mtg-wcl XM-DAC-903-SII-39302 International Finance Corporation table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Opportunity Bank a.d. Novi Sad is a wholly-owned subsidiary of Opportunity Transformation Investments Inc., a holding company owned by charitable organization Opportunity International. The bank is the twenty-third largest bank by total assets in Serbia. It is a universal bank, operating through the network of 26 branches across the country. Opportuntiy Bank a.d. Novi Sad business focus is to service micro clients in rural areas. The business was established in 2002 as Opportunity International Stocks Savings Bank. International Finance Corporation ("IFC") proposed financing of up to EUR 8.5 million, local currency equivalent, is to support the Banks lending portfolio for the purpose of micro and small enterprises lending in local curency. 1. Secure access to finance to underserved segments in the Serbian economy. 2. Develop a positive economic impact by propping up economic growth, improving access to finance in economically and geographically excluded regions, generating new jobs and improving quality of life. 3. Help the Bank reduce its foreign currency exposure, better manage assets and liabilities and improve its risk profile. OPPORTUNITY BANK SERBIA Opportunity Bank a.d. Novi Sad Zorica Sedlar CFO +381.21.4893.170 zsedlar@obs.rs Opportunity Bank A.D | Bul.Oslobodenja 2a | 21000 Novi Sad, Srbija www.obs,rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Opportunity Bank a.d. Novi Sad has over 310 employees via business network of 26 branches throughout the country. Head office building is in Novi Sad at 2A Bulevar Oslobodjenja, 21000.   Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AC - Commercial Banking - Microfinance Total: $9.97 million 9970000.00 9970000.00 OPPORTUNITY BANK SERBIA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39302/obs-mfi-project XM-DAC-903-SII-41123 International Finance Corporation 0 0 0 0 0 0 0 0 0.0000   In 2017, the Government of Serbia ( GoS ) decided to launch the privatization of Belgrade Airport by tendering a 25-year concession for the upgrade, development and operation of the airport (the Project). V INCI Airports SAS (the Sponsor), was selected as preferred bidder in January 2018 and the Concession Agreement (CA) was signed in March 2018. The Sponsor has committed to pay an upfront concession fee of EUR 501 million, to make capital investments in excess of EUR 700 million over the concession period and to pay annual concession fees in exchange of the right to operate the airport for the next 25 years . <td valign="top" align="left" style="padding-top:0in;padding-right:9.35pt; padding-bottom:0in;padding-left:9.35pt"> (a) Improved access and quality of civil aviation services ; <span lang="EN-IN" style="font-size:12.0pt;font-family:"Times New Roman",serif; mso-ansi-language:EN-IN;mso-fareast-language:EN-IN"> (b) Economy-wide impact: increase in GDP, employment and government revenues; (c) Contribution to market creation as the first large-scale PPP project in the country; (d) Integration: as Serbias largest and busiest international airport, Belgrade Airport will handle all the potential growth in international traffic and contribute to opening access to new short and long-haul markets. VINCI AIRPORTS SERBIA D.O.O. VINCI Airports SAS Direction de la communication +33 1 47 16 46 40 communication@vinci-airports.com 12/14, rue Louis Blériot - CS 3007192506 Rueil-Malmaison Cedex France https://www.vinci-airports.com/fr/airport-nikola-tesla-upgrade-project International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Serbia 0 0 0 0 0 0 0 0 0.0000   The Project is located in Belgrade, Serbia, approximately 12 km from the city centre. The Project is predominantly building up on the existing site, while expansion works will expand the existing airports footprint by about 3 2 ha. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 E-BD - Other Support Activities for Transportation (Grain Terminals, Cargo Terminals, Airport Operations) Total: $113.39 million 113390000.00 113390000.00 VINCI AIRPORTS SERBIA D.O.O. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41123/belgrade-airport XM-DAC-903-SII-37838 International Finance Corporation The proposed project includes i) construction and operation of a 340,000 tons p.a.(tpa) Waste-to-Energy (WtE) Facility with connection to electricity and heating distribution systems, ii) closing and remediation of the existing Vinca landfill, iii) building and operation of a new EU compliant sanitary landfill for 170,000 tpa, and iv) building and operation of a 200,000 tpa Construction and Demolition Waste (CDW) Facility by Beo Cista Energija d.o.o (the SPV) in Belgrade, Serbia (together the Project). The Project has been developed and procured through a competitive bidding process by the City of Belgrade, with the support of the IFC PPP Advisory team as the Citys lead advisor, and in September 2017, a 25-year operation PPP contract was awarded to a consortium led by Suez Groupe (France), Itochu Corporation (Japan) and now also, Marguerite Fund II (France). The Project will be delivered under a design-build-finance-operate-transfer scheme by the SPV which was set up by the Sponsors for this Project. The PPP Contract will provide the SPV with the exclusive right to treat the municipal waste generated by 13 municipalities of Belgrade, collected by the City. The electricity will be sold to Serbias power utility EPS, under a Power Purchase Agreement (PPA) with a 12-year term post construction. The heat will be sold to the municipal district heating company, Beogradske Elektrane under a 25-year heat offtake agreement (HOA). (1) Stakeholder effects: The project is expected to improve the quality of waste management services provided to residential and commercial users in Belgrade. The proposed infrastructure which includes a WtE facility and a new landfill that meets EU standards, contributes to relieving pressure on existing waste management infrastructure in Belgrade, adds renewable to the grid, and provides heat to the local district heating company. (2) Environmental and social effects: The project will also result in significant environmental benefits resulting from the remediation of the existing landfill and diversion of improperly disposed waste to a new regulated landfill. It also results in significant CO2 emissions savings (about 373,700 tons p.a.) from the use of municipal solid waste as feedstock in electricity and heat generation, as well as displacement of more carbon intensive fuels in electricity and heat production. This project also contributes to meeting the country's sector goals, to modernize waste management (reducing overreliance on landfills, eliminating illegal dumpsites, closing facilities that do not meet EU standards), maximizing waste recovery, and improve environmental sustainability, among others. (3) Competitiveness: As the first long-term PPP investment of significant size in solid waste management in the Balkans, the project demonstrates a market-based solution for solid waste management in the region. The project benefits from upstream WBG engagement in the power and solid waste sectors in Serbia, that contributed to creating an enabling environment for private sector participation. BEO CISTA ENERGIJA D.O.O Beo Cista Energija d.o.o Mitsuaki Harada & Philippe Thiel Managing Directors + 381 11 7154884 bce@bcenergy.rs Toin Bunar 272v, 11000 Beograd, Srbija www.bcenergy.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Beo Cista Energija d.o.o . Phone: + 381 11 7154884 Email: bce@bcenergy . Mailing Address : Beo Cista Energij a d.o.o ., Toin Bunar 272v, 1100 0 Beograd , Srbij a Serbia The WtE facility and new landfill will be located in Vinca alongside the existing landfill, c.15km from Belgrade, Serbia. The Project will process residual municipal waste generated by 13 municipalities of the City of Belgrade and CDW generated in its territory. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 C-DB - Waste to Energy - Waste Total: $95.57 million 10000000.00 85570000.00 10000000.00 BEO CISTA ENERGIJA D.O.O 85570000.00 BEO CISTA ENERGIJA D.O.O Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37838/belgrade-wte XM-DAC-903-SII-37838 International Finance Corporation The proposed project includes i) construction and operation of a 340,000 tons p.a.(tpa) Waste-to-Energy (WtE) Facility with connection to electricity and heating distribution systems, ii) closing and remediation of the existing Vinca landfill, iii) building and operation of a new EU compliant sanitary landfill for 170,000 tpa, and iv) building and operation of a 200,000 tpa Construction and Demolition Waste (CDW) Facility by Beo Cista Energija d.o.o (the SPV) in Belgrade, Serbia (together the Project). The Project has been developed and procured through a competitive bidding process by the City of Belgrade, with the support of the IFC PPP Advisory team as the Citys lead advisor, and in September 2017, a 25-year operation PPP contract was awarded to a consortium led by Suez Groupe (France), Itochu Corporation (Japan) and now also, Marguerite Fund II (France). The Project will be delivered under a design-build-finance-operate-transfer scheme by the SPV which was set up by the Sponsors for this Project. The PPP Contract will provide the SPV with the exclusive right to treat the municipal waste generated by 13 municipalities of Belgrade, collected by the City. The electricity will be sold to Serbias power utility EPS, under a Power Purchase Agreement (PPA) with a 12-year term post construction. The heat will be sold to the municipal district heating company, Beogradske Elektrane under a 25-year heat offtake agreement (HOA). (1) Stakeholder effects: The project is expected to improve the quality of waste management services provided to residential and commercial users in Belgrade. The proposed infrastructure which includes a WtE facility and a new landfill that meets EU standards, contributes to relieving pressure on existing waste management infrastructure in Belgrade, adds renewable to the grid, and provides heat to the local district heating company. (2) Environmental and social effects: The project will also result in significant environmental benefits resulting from the remediation of the existing landfill and diversion of improperly disposed waste to a new regulated landfill. It also results in significant CO2 emissions savings (about 373,700 tons p.a.) from the use of municipal solid waste as feedstock in electricity and heat generation, as well as displacement of more carbon intensive fuels in electricity and heat production. This project also contributes to meeting the country's sector goals, to modernize waste management (reducing overreliance on landfills, eliminating illegal dumpsites, closing facilities that do not meet EU standards), maximizing waste recovery, and improve environmental sustainability, among others. (3) Competitiveness: As the first long-term PPP investment of significant size in solid waste management in the Balkans, the project demonstrates a market-based solution for solid waste management in the region. The project benefits from upstream WBG engagement in the power and solid waste sectors in Serbia, that contributed to creating an enabling environment for private sector participation. BEO CISTA ENERGIJA D.O.O Beo Cista Energija d.o.o Mitsuaki Harada & Philippe Thiel Managing Directors + 381 11 7154884 bce@bcenergy.rs Toin Bunar 272v, 11000 Beograd, Srbija www.bcenergy.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Beo Cista Energija d.o.o . Phone: + 381 11 7154884 Email: bce@bcenergy . Mailing Address : Beo Cista Energij a d.o.o ., Toin Bunar 272v, 1100 0 Beograd , Srbij a Serbia The WtE facility and new landfill will be located in Vinca alongside the existing landfill, c.15km from Belgrade, Serbia. The Project will process residual municipal waste generated by 13 municipalities of the City of Belgrade and CDW generated in its territory. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 C-DB - Waste to Energy - Waste Total: $95.57 million 10000000.00 85570000.00 10000000.00 BEO CISTA ENERGIJA D.O.O 85570000.00 BEO CISTA ENERGIJA D.O.O Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37838/belgrade-wte XM-DAC-903-SII-44087 International Finance Corporation Opportunity Bank a.d. Novi Sad (OBS or the Bank) was established in 2002 as a wholly owned subsidiary of Opportunity Transformation Investments Inc. (OTI), a holding company owned by charitable organization Opportunity International. The Bank is the largest lender to the micro enterprises segment in Serbia. OBS operates through network of 30 branches across the country. International Finance Corporation (IFC) proposed financing of up to US$ 14.5 million (Euro equivalent) under the FIG COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope), is designed to provide funding to  trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. IFC financing will support the Bank's working capital and trade-related lending program to Serbian enterprises, including small and medium enterprises. All projects under the COVID-19 Facility share the same development thesis that, by supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. OPPORTUNITY BANK SERBIA Opportunity Bank A.D Executive Board member +381.21.4893.170 zsedlar@obs.rs Bul.Oslobodenja 2a, 21000 Novi Sad, Serbia www.obs.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia OBS has 425 employees as of December 2019 via business network of 30 branches throughout the country. Head office building is in Novi Sad at 2A Bulevar Oslobodjenja, 21000. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AK - Commercial Banking - Trade and Supply Chain Total: $14.50 million 14500000.00 14500000.00 OPPORTUNITY BANK SERBIA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44087/wcs-covid-obs XM-DAC-903-SII-45419 International Finance Corporation  The proposed project is an investment with AIK Banka a.d. Belgrade (AIK Bank, or the Bank), which consists of (i) a guarantee facility under IFC Global Trade Finance Program (GTFP) with a limit of US$10 million for a tenor of up to 12 months; and (ii) a 5-year senior loan for an amount of up to EUR50 million (the Loan); (collectively, the Project). The Loan will support the expansion of the Banks lending program to SMEs and at least 20 percent of the loan will be earmarked for climate loans to SMEs.  The Projects objectives include: (i) improving access to finance for SMEs in Serbia with a particular focus on green financing, and (ii) supporting a local player with a regional expansion strategy in a context otherwise dominated by large Western-owned regional banking groups.        IFC will support AIK to provide increased access to financing for SMEs, and through climate finance support some of these SMEs in greening their business. At the market level, IFC anticipates that the investment will promote greater market competitiveness within the climate finance market in Serbia, through demonstration and replication channels. AIK BANKA AD AIK Banka a.d. Belgrade Jelena Galic Chief Executive Officer +381 11 2029 050 jelena.galic@aikbanka.rs Bulevar Mihaila Pupina 115d, 11070 Novi Beograd www.aikbanka.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia   AIK Bank is headquartered in Belgrade and operates through 50 branches across the Republic of Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AA - Commercial Banking - General Total: $49.67 million 49670000.00 49670000.00 AIK BANKA AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45419/aik-banka-sme XM-DAC-903-SII-47656 International Finance Corporation IFC is supporting Drenik ND d.o.o. (Drenik) in (i) developing the largest captive biomass power plant in Serbia to ensure stable energy supply for Dreniks plant in Serbia and to materially reduce its CO2 footprint; (ii) refinancing its existing debt; and (iii) financing its permanent working capital needs (the Project). The most significant Project-level development outcomes are environmental effects through improved resource efficiency and greenhouse gas emissions reduction as a result of the biomass power plant. Beyond these outcomes, IFC expects that the Project will promote competitiveness in the paper and pulp industry, by generating demonstration effects to other players, and incentivizing companies to adopt strategies to lower their costs of energy. DRENIK ND D.O.O. Drenik ND d.o.o. Ms. Marija Strugarevic Managing Director +381 (0) 11 2072000 drenik.srbija@dreniknd.com Pancevacki Put 69, Beograd, 11210, Serbia https://dreniknd.com/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   Drenik ND d.o.o. Pancevacki Put 69, Beograd, 11210, Serbia Serbia  Investments under the Project are planned to be made in Dreniks plant located in Belgrade, Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 other Total: $65.12 million 65120000.00 65120000.00 DRENIK ND D.O.O. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47656/drenik-serbia XM-DAC-903-SII-48526 International Finance Corporation   The proposed IFC investment consists of up to US$75 million to support Actis GP LLPs (Actis) ( https://www.act.is/ ) bid to acquire most of the macro tower sites of Telekom Srbija a.d. Beograd (TS or the Seller), (the Transaction). The Transaction is subject to clearance by all applicable regulatory and competition authorities and, if cleared, will lead to the establishment of the first truly independent telecom tower group headquartered in the Western Balkans.   The Seller is one of the largest telecom operators in the Western Balkans and is 58% owned by the Republic of Serbia. Prior to the sale, TS will carve out into separate tower companies (the TowerCos), its towers and passive infrastructure business, comprising 1,827 sites in total, 995 of which are located in Serbia, 725 are in Bosnia & Herzegovina, and 107 are in Montenegro. IFC and other private and institutional investors will invest equity in an investment vehicle that will be established and managed by Actis. The investment vehicle will own 100% of the TowerCoss shares. TS and its subsidiaries will be the TowerCos' anchor tenants under long-term master service agreements and have also committed to lease additional towers from the TowerCos under a build-to-suit program to be implemented over the next 4 to 6 years depending on the jurisdiction.     Actis participated in a wide auction process launched by the Seller in Q4 2022, and following multiple rounds, was selected as preferred bidder by June 2023, after which Actis entered into an exclusivity agreement and bilateral negotiations with TS.                                                Project Outcomes: Improved access to quality mobile connectivity for individuals and businesses by supporting the development of high-speed mobile network coverage and capacity through the acquisition of MNO-captive mobile towers and the construction of new ones to be shared by mobile network operators in the TowerCoss countries of operation. The gap in quality connectivity and infrastructure is expected to be Low to Medium as mobile download speed is on par with emerging market averages. A preliminary assessment suggests Moderate to Strong project outcomes rating depending on the growth in the tenancy ratio and the geographical distribution of the towers. Market Creation - Increased competitiveness of the mobile connectivity market via competition and demonstration and replication channels, with the potential to create a competitive tower colocation market segment in the TowerCoss countries of operation. The mobile connectivity sector in these countries is fairly developed with a number of mobile operators, high technological innovation, affordability and an advanced regulatory framework. However, the tower colocation segment is nascent, limiting infrastructure sharing and efficient expansion of new technologies like 5G. By supporting the expansion of the first truly independent tower operator to further the tower colocation business model in the Western Balkans markets, the transaction could demonstrate the viability of this business model, thereby attracting new entrants or inducing other mobile network operators to further divest towers in the region, resulting in the creation of a competitive tower colocation market. Subject to the projected growth of independent towers and 5G coverage in each country beyond the TowerCoss expansion plans, and any supportive regulatory framework, a preliminary assessment suggests Strong to Very Strong market creation rating. The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Good. Actis Luna SCA Actis LLP +442072345000 info@act.is London, SE1 2JTUnited Kingdom International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   Actis LLP, 2 More Riverside , L ondon, SE1 2JT , United Kingdom Serbia   The telecom towers are situated in Serbia, Bosnia and Herzegovina, and Montenegro.                                                   Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 R-AA - Engineering Services Total: $60.00 million 60000000.00 60000000.00 Actis Luna SCA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48526/western-balkan-towers XM-DAC-903-SII-47626 International Finance Corporation  The proposed project is to invest up to EUR65 million (equivalent to USD69 million) for IFCs own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior preferred (SP) instrument to be issued by Erste Bank A.D. Novi Sad (EBS or the Bank), a reputable bank in Serbia and a subsidiary of Erste Group, IFCs strategic partner and one of the largest banking groups in Europe (the Project). The proceeds of IFCs investment will be used to support the Banks MSME clients and climate change mitigant projects. The most significant, expected project-level outcome is increased access to MSME and climate finance in Serbia. Beyond the project, IFC anticipates that the investment will promote greater market resilience by creating a strong benchmark for both EBS and other systemic banks to undertake issuances of MREL-eligible instruments and through demonstration effect and replication channel. SMEs dominate the Serbian business economy, accounting for 99% of all enterprises and employing more than 65% of the countrys labour force. Yet, according to the SME Finance Gap Report, the SME financing gap in Serbia is estimated at about 20% of GDP, with about 42% of SMEs being fully or partially credit-constrained. The long maturity SP MREL proceeds will allow the Bank to increase lending to MSMEs and to provide more longer-term investment loans. Also, IFC anticipates that this project will increase access to climate finance with minimum 30% use of proceeds dedicated to this area. Serbia faces a very large climate finance gap to meet its green transformation agenda and the Nationally Determined Contributions. With IFC financing, EBS is planning to increase its climate finance portfolio, which is focused on renewable energy, 3.6x times within 5 years from the current baseline. ERSTE BANK A.D. Erste Bank A.D. Ivana Pajic Balance Sheet Management Analyst +381608747514 ivana.pajic@erstebank.rs Bulevar Milutina Milankovica 3A 11070 Novi Beograd, Serbia www.erstebank.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia  EBS is headquartered in Novi Sad, Serbia, and provides finance-related services to customers across the country. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AA - Commercial Banking - General Total: $69.73 million 69730000.00 69730000.00 ERSTE BANK A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47626/dcm-erste-srb-mrel XM-DAC-903-SII-49277 International Finance Corporation The Project consists of an IFC investment for its own account, in Serbian Dinars (RSD) equivalent, in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) debt instruments to be raised by Raiffeisen Banka a.d. Beograd (RBRS or the Bank). The proceeds will support the banks Micro, Small and Medium Enterprises (MSME) portfolio with at least 60% of proceeds to be allocated to Women-owned MSMEs (W-MSMEs).                                                   The most significant, expected project-level outcome is increased access to finance for MSMEs, primarily be allocated to projects aimed at strengthening social responsibility (W-MSMEs). Beyond the project level outcomes, IFC anticipates that the Project will promote greater market integration by reactivating and deepening domestic capital markets in Serbia and enabling local corporate bond issuers to mobilize capital at scale from private investors, including from abroad. In addition, the Project, as part of a programmatic approach designed to promote issuance of MREL-eligible debt instruments by systemically important banks, is expected to improve the resilience of the banking sector in Serbia through the demonstration and replication channel. RAIFFEISEN BANKA AD Raiffeisen banka a.d. Beograd Milena Perazic Funding Manager Treasury and ALM department +381 11 220 7161 milena.perazic@raiffeisenbank.rs Ðorda Stanojevica 16, 11070 Novi Beograd, Serbia https://www.raiffeisenbank.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is headquartered in Belgrade, Serbia. It operates through its branch network across the country as well as through digital banking channels.                                                                                                 Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AA - Commercial Banking - General Total: $53.64 million 53640000.00 53640000.00 RAIFFEISEN BANKA AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49277/dcm-raiffeisen-serbia-mrel XM-DAC-903-SII-49983 International Finance Corporation The proposed investment consists of an up to EUR75 million or its equivalent in Serbian Dinar (RSD) for IFCs own account to AIK Banka a.d. in Serbia (AIK Bank, or the Bank) in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior instruments, to be issued in loan or bond format over the next 24 months, for tenors up to four years. The proceeds from IFCs investment are to be entirely deployed for climate finance of corporates and Medium, Small and Micro Enterprises (MSMEs) in Serbia (the Project). The most significant expected Project-level outcome is increased access to climate finance in Serbia by supporting MSME and corporate investments in renewable energy, energy efficiency, water efficiency, and green building initiatives. Beyond the Project outcomes, IFC anticipates that the investment will promote greater sustainability in the market by catalyzing the adoption of best practices in sustainable finance. Additionally, the Project will promote resilience as part of the programmatic approach designed to promote the resilience of the banking sector in the CEE region through issuance of MREL-eligible debt instruments. AIK BANKA AD AIK Banka a.d. Belgrade Andrija Vukovic CFO +381 11 2028 837 Andrija.Vukovic@aikbanka.rs Bulevar Arsenija Carnojevica 59A, lamela D, Beograd www.aikbanka.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is headquartered in Belgrade, Serbia and provides banking solutions for its retail, MSME and corporate clients across the Republic of Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AA - Commercial Banking - General Total: $79.23 million 79230000.00 79230000.00 AIK BANKA AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49983/aik-mrel-project XM-DAC-903-SII-51646 International Finance Corporation  The proposed investment consists of an up to 40 million or its equivalent in Serbian Dinars (RSD) for IFCs own account to UniCredit Bank Serbia JSC Belgrade (UCBS or the Bank) in Serbia in the form of debt investments, including investment in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) which is intended investment under the first tranche. The proceeds from entire IFCs investment will be deployed up to 50% towards climate finance and up to 50% towards micro, small and medium enterprises (MSMEs) in Serbia (the Project).                                         The most significant, expected project-level outcome is increased access to finance for MSME and sustainable investments. Along with MSMEs, the Project will support increase access to sustainable financing in Serbia by supporting MSMEs and corporate investments in renewable energy, energy efficiency, and green building initiatives. Additionally, the Project will contribute to deepening the domestic capital market through the issuance of MREL eligible debt instruments and diversifying sources of long-term finance, and ultimately strengthen the resilience and competitiveness of the countrys financial sector. UNICREDIT BANK SRBIJA A.D. UniCredit Serbia Marija Dimitrijevic Head of ALM&Funding marija.dimitrijevic@unicreditgroup.rs Rajiceva 27-29, 11000 Beograd https://www.unicreditbank.rs/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia UCBS is headquartered in Belgrade, Serbia, and provides financial services to customers across the country.                                                     Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 O-AA - Commercial Banking - General Total: $46.28 million 46280000.00 46280000.00 UNICREDIT BANK SRBIJA A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/51646/dcm-unicredit XM-DAC-903-SPI-20957 International Finance Corporation IFC proposes to provide to Microfinance Bank (MFB, Bank, Borrower), a commercial bank established as a closed joint stock company in Belgrade, Serbia and Montenegro, a Loan for IFCs own account of up to eight million euro (EUR 8,000,000) for on-lending by the Borrower to micro and small enterprises in Serbia. The funds would be for the exclusive use of MFB to on-lend to Eligible Sub-Borrowers. PROCREDIT BANK A.D. Mr. Christoph Freytag, General Manager MFB Banka, Narodnih Heroja 43/III, 11070 Belgrade, Serbia and Montenegro International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is headquartered in Belgrade and has 8 branches around the country. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AC - Commercial Banking - Microfinance and Small Business Total: $8.00 million 8000000.00 8000000.00 PROCREDIT BANK A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/20957/mfbserbia-loan-2 XM-DAC-903-SPI-24230 International Finance Corporation The proposed investment would enable HVB Bank Serbia and Montenegro (HVB, the bank or the company) to address its long-term funding needs including the areas of mortgages and SMEs. Current term loans in the Serbian market have typical tenures of three to four years. The Bank therefore has approached IFC for funding with longer tenor to be able to expand its long-term lending. HVB Bank Serbia and Montenegro a.d. was established in 2001. The Bank is a member of the HVB Group through Bank Austria Creditanstalt (BA-CA). BA-CA owns 99% of the shareholding of the Bank. It is being geared by BA-CA to become a universal bank offering a variety of products. As of December 2004, it had total assets of EUR202 million, shareholders equity of EUR21 million, and total liabilities of EUR181 million of which deposits totaled EUR133 million. For the year 2004 its ROAE and ROAA were 23% and 2.5% respectively. UNICREDIT BANK SRBIJA A.D. Mr. Alexander Picker HVB Bank Serbia and Montenegro a.d., Rajiceva 27-29, 11000 Beograd, Serbia and Montenegro Tel: 381-11-3204-501 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Belgrade, Serbia and Montenegro Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Total: $38.00 million 38000000.00 38000000.00 UNICREDIT BANK SRBIJA A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24230/hypo-vereinsbank-serbia-montenegro XM-DAC-903-SPI-24247 International Finance Corporation The project company is Banca Intesa A.D. Beograd of Serbia-Montenegro or the Bank, one of the largest commercial banks in Serbia in terms of total assets, and one of the countrys best-managed financial institutions. The Bank offers traditional banking products (both at the retail and wholesale levels), and has an active presence in structured finance, equipment leasing, cash management, international banking and treasury. The proposed project consists of: - an IFC minority equity investment; and - a tier II qualifying subordinated debt in Banca Intesa A.D. Beograd of Serbia-Montenegro. This proposed investment will be made along with Banca Intesa, which acquired a majority stake in the Banks shareholding. BANCA INTESA AD BEOGRAD Mr. Adriano Arietti Executive Director M &A Foreign Banks Division Banca Intesa Tel: +390287937572 Fax: +390287937276 OR Mr. Rainer Lovato M &A and Corporate Development Foreign Banks Division Banca Intesa Tel: +390287937843 Fax: +390287937828 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is headquartered in Belgrade, Serbia and Montenegro and operated a nation-wide network of 144 branches. At year end 2004, Banca Intesa A.D. Beograd employed a total of 1,300 staff. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Total: $121.73 million 73040000.00 48690000.00 73040000.00 BANCA INTESA AD BEOGRAD 48690000.00 BANCA INTESA AD BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24247/banca-intesa-a-d-beograd XM-DAC-903-SPI-24700 International Finance Corporation The project consists of up to 20 million ten-year senior loan to NLB Continental Banka and possibly an equity investment representing a 10% stake (about 5 million) in NLB Continental Banka a.d. (the bank ). The equity investment is subject to the approval of NLBs Supervisory board. The purpose of IFC project is to assist the bank in expanding its retail and consumer lending, in addition to enabling it to extend term financing for SMEs and mortgages, particularly within Novi Sad in the Vojvodina region, the second largest economic center in Serbia & Montenegro. The bank is the fifth largest commercial bank in Vojvodina (16th in Serbia, measured by total assets), serving over 150,000 customers, in retail and to corporate customers. The bank has traditionally focused on corporates and industries involved in foreign trade, whilst its new strategy emphasizes retail banking, mainly in the Vojvodina region. The relationship between IFC and the bank started in 2004 when the b ank took over three old IFCs senior loans from 1980s following the debt restructuring of the State of Serbia. After the restructuring of Serbias Paris and London Clubs loans, the State became the majority shareholder of the bank with a 98.5% stake. It was offered for sale in a privatization tender in early 2005, and the purchase was made by Nova Ljubljanska Banka (NLB d.d., Slovenia) in July 2005. As the government pursues its privatization policies in the industrial sector, the number of private sector companies, and SMEs in particular, is expected to grow. The demand for SME finance is expected to be especially high in the Vojvodina region, a strong industrial and agricultural mainstay of Serbia & Montenegro. NLB Continental Banka, a well known financial institution in this region, supported by NLB, a strong parent known in the area, is well poised to expand its retail and SME business, which is reflected in the banks need to obtain term funding. NLB BANKA Tatjana Spasojevi-Sladoja Executive Director NLB Continental Banka a.d. Trg Mladenaca 1-3 21000 Novi Sad Serbia & Montenegro Telephone: ++381 423 530 Fax: ++ 381 452 477 E-mail: sladoja.tanja@cont.co.yu International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Headquartered in Novi Sad, the bank is mainly servicing Vojvodina region, the second strongest economic area of Serbia & Montenegro after Belgrade, in addition to its strong presence in the capital city of Belgrade. The bank has a modest market share of 1.7% of total banking assets as at the end of 2005, however, it aims to grow and capture a sizeable share of around 7% over the next four years. The bank is adding six new branches and ten ATMs in 2006, resulting in a total number of 24 ATMs and over 80 branches and agencies. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Total: $31.24 million 24030000.00 7210000.00 24030000.00 NLB BANKA 7210000.00 NLB BANKA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24700/contibankaequity XM-DAC-903-SPI-25063 International Finance Corporation ProCredit Bank Serbia (the Bank or PCB) was the first foreign bank to enter the Serbian market after the fall of the Milosevic regime. It focuses on lending to micro- and small-enterprises. The project consists of a EUR10 million energy efficiency senior term loan to the Bank. The facility would be dedicated to financing Energy Efficiency (EE) improvements. The development impact for this project is high. It fosters: - Energy Efficiency Improvement: The project would support the launching of a new Energy Efficiency program with a commercial bank as an intermediary. The EE program would focus on: - EE improvements in MSEs; and - the use of cleaner and renewable sources of energy (such as natural gas, solar energy) by MSEs. - Improved Competitiveness: Due to reduced energy costs as well as quality improvements as a result of technology and process upgrades, the project would contribute to improving the competitiveness of MSEs supported. - MSE Lending: It would provide long term funding to Serbian MSEs that constitute a significant engine of economic growth, while remaining underserved by the financial sector. - Capacity Building: It would strengthen the Banks balance sheet, improve its asset liability management and enable the Bank to expand its financial intermediation capacity. Overall, the IFC/ProCredit EE program would result in conservation of energy and lower CO2 emissions, and have important social and economic implications by lowering monthly energy bills for MSEs. Through the project, IFC would introduce a new highly developmental energy efficiency MSE product to the Serbian market. This would be the first product of this type offered by a bank in Serbia, and it would have strong replication potential. PROCREDIT BANK A.D. Svetlana Tolmachova Deputy General Manager Bulevar despota Stefana 68c 11000 Belgrade Serbia E-mail: s.tolmachova@procreditbank.co.yu Telephone: +381 11 2077 919 Fax: +381 11 2077 905 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank, headquartered in Belgrade, has 40 branches across Serbia and 1200 staff. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AB - Commercial Banking - Housing Finance Total: $19.15 million 19150000.00 19150000.00 PROCREDIT BANK A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25063/procredit-serbia-energy-efficiency XM-DAC-903-SPI-26749 International Finance Corporation ProCredit Leasing Serbia (PCL or the company) was established by ProCredit Bank Serbia (PCB or the Bank) in March 2005. The company is engaged in providing financial lease to a broad segment of Serbian market and has a major focus on SME and the agricultural sector. The IFCs investment under this project consists of a EUR15 million senior term loan to ProCredit Leasing Serbia. The IFC funds would be used for extending leasing finance to the SME and agriculture sector. The IFC Loan would have a maturity of up to six years with two years grace period and is to be unconditionally and irrevocably guaranteed by PCB. The development impact for the project is high. It fosters: - Access to finance for Agriculture: The project will expand access to term finance for farmers. Government support for agri-sector is still minimal with only 10.9% of the agri-budget dedicated to credit lines for agriculture machinery and equipment. This points to the need for the private leasing companies such as ProCredit to meet a significant market gap. - Development of the Leasing Sector: The project will enable the growth of the leasing sector and assist it in playing a greater role in capital formation in the economy. It will also promote the emergence of Procredit Leasing as a credible player in the market and boost competition. Despite the high growth of financial leasing sector since the start of its operations in 2002 financial leasing sector remains underdeveloped. - Term funding for SMEs: The project will make much needed term funding available to Serbian SMEs. SMEs are an underserved segment in Serbia and this project will help SMEs make critical capital investments in order to make their operations more sustainable. PROCREDIT LEASING DOO BEOGRAD Goran Markovic, Executive Director Finance Milutina Milankovica 9 11 000 Belgrade Serbia E-mail: g.markovic@procreditleasing.co.yu Telephone: + 381 11 3012 700 Fax: + 381 11 3012 712 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The companys headquarters is located in Belgrade. PCL is operating through Banks network of around 60 branch offices throughout the country. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 LB - Leasing Services Total: $14.51 million 14510000.00 14510000.00 PROCREDIT LEASING DOO BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26749/procredit-leasin XM-DAC-903-SPI-27619 International Finance Corporation PORR WERNER & WEBER D.O.O, consortium comprising of Porr Umwelttechnik GmbH (PUT) and Werner & Weber Warenhandelsgesellschaft mit beschränkter Haftung (WW) (to be collectively referred as PWW) was awarded the contract to design, build, finance and operate the new solid waste landfill in the City of Leskovac, Serbia, and to operate the local waste collection system. The IFC project entails the financing of the landfill operation, PWW Deponija Dva d.o.o. Leskovac (Deponija Leskovac, or the Project). The construction and financing of the subject landfill operation, the following benefits are expected to be realized: Support to public infrastructure: The Project will enhance the private sector participation in public infrastructure development in Serbia under a PPP structure, which still needs to gain further momentum in the transition economies. Improved quality and standards: Given the Sponsors extensive experience in infrastructure construction in Western Europe, the Project is expected to facilitate the transfer of technology, knowledge and know-how, thereby improving the quality and standards of waste management in the target municipalities. Enabling construction of a necessary project: Given that the first phase of the local landfill of the Municipality of Leskovac has approached its capacity, the second phase investment has become a necessity. Such investment would have been extremely challenging for the Municipality of Leskovac to finance through its own resources under the current investment climate. The involvement of PWW as the strategic investor, and IFC as the financier will enable this necessary project to come to fruition. PWW DEPONIJA DVA DOO LESKOVAC Simona Kvaternik Allgemeine Baugesellschaft A. PORR AG Absberggasse 47, A-1103 Wien, Austria +43 (0) 50 626-1552 (phone) +43 (0) 50 626-3495 (fax) simona.kvaternik@porr.at (email) http://www.porr.at International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Leskovac is situated 290 km south of Belgrade and belongs to the Serbian district of Jablanica in South Serbia, and has together with its surrounding 144 villages approximately 370,000 inhabitants. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 BB - Waste Treatment and Management (Except Wastewater) Total: $47.78 million 47780000.00 47780000.00 PWW DEPONIJA DVA DOO LESKOVAC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27619/pww-deponija-dva-d-o-o-leskovac XM-DAC-903-SPI-27802 International Finance Corporation Cacanska Banka ad Cacak (CBC or the Bank) has a long tradition in Western Serbia operating since 1956 as a regional bank, covering mainly Central and Western Serbia through a network of 25 organizational units in 21 towns headquartered in Cacak, an industrial center in Western Serbia. The Bank employs 396 people. It is a universal bank offering a full range of banking services to its retail and corporate/SME clients, with SMEs representing over 80% of the Banks portfolio. Although CBC is a small bank, it holds a leading position in servicing SMEs in Western Serbia. The Project consists of a potential equity investment of up to 20% of CBC and senior loan facility of up to EUR7 million. It is a joint IFI effort aimed at strengthening the Bank''s capital base, and thereby improving its competitive position and enabling it to bear likely stresses on asset quality in view of the financial crisis. It is also expected to facilitate the eventual sale of the Bank to a strategic investor once normalcy returns. IFC will provide five year Senior Loan with a purpose of on lending to small and medium size enterprises, subject to the capital investment. The Project is expected to have a high development impact. It will: - enable CBC to expand its lending to SMEs in the region that had limited access to finance from the banking sector historically and who will need more support given the effect of global crisis in Serbia. Central and Western Serbia region has a high concentration of SMEs, which play a critical role in the country''s economic growth and employment. - strengthen the capital base and adequacy of the Bank and demonstrate the ability of a Serbian locally-owned bank to attract investments from international institutional investors in difficult financing times and thereby help the Bank to meet difficult asset quality and liquidity challenges going forward. - will enable economic growth and job protection in less developed regions in Serbia. - advance capacity and institution building of the Bank through the IFC''s nominee possible involvement in the Bank''s Board of Directors; and - facilitate the eventual sale of the Bank to a strategic investor. HALKBANK A.D. BELGRADE Aleksandar Calovic Vice-President of the Executive Board Cacanska Banka ad Cacak Pivarska 1, 32000 Cacak, Republic of Serbia Telephone: 381-32-302 134 Fax: 381-32-302 215 Email: aco@cacanskabanka.co.rs Website: www.cacanskabanka.co.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Cacanska Banka is a regional bank, covering mainly Central and Western Serbia through a network of 25 organizational units in 21 towns headquartered in Cacak, an industrial center in Western Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AH - Commercial Banking - SME Finance Total: $20.80 million 9100000.00 11700000.00 9100000.00 HALKBANK A.D. BELGRADE 11700000.00 HALKBANK A.D. BELGRADE Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27802/cacanska-banka XM-DAC-903-SPI-27803 International Finance Corporation Komercijalna Banka ad Beograd (KBB or the Bank) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. Headquartered in Belgrade, KBB has developed a strong domestic franchise and expanded to Bosnia & Herzegovina and in Montenegro. The Bank employs more than 3,200 staff. The Project is a joint IFI effort aimed at strengthening the Bank's capital base, and thereby improving its competitive position and enabling it to bear likely stresses on asset quality in view of the financial crisis. It is also expected to facilitate the eventual sale of the Bank to a strategic investor once normalcy returns. The Project is expected to have a high development impact. It will: - help the Bank to maintain its credibility in the market and expand its financial services and products to Serbian enterprises and individual consumers, supporting economic activity and job protection in the country; - strengthen the capital base and adequacy of the Bank and demonstrate the ability of a Serbian locally-owned bank to attract investments from international institutional investors in difficult financing times; - bolster a recently built depositors confidence in the banking sector of Serbia needed to go over a difficult crisis period; - advance capacity and institution building of the Bank through the BRFs/IFCs-nominee possible involvement in the Banks Board of Directors; and - facilitate the eventual sale of the Bank to a strategic investor. KOMERCIJALNA BANKA Ms. Jelena Djurovic, Strategic Planning Officer Komercijalna Banka ad Beograd Svetog Save 14, Belgrade, Republic of Serbia Telephone: 381-11-308 01 00 Fax: 381-11-344 13 35 Website: www.kombank.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia KBB is headquartered in Belgrade and operates through its network of 295 branches and outlets in Serbia and two subsidiary banks in Bosnia & Herzegovina and Montenegro. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27803/brf-kbb-convertible XM-DAC-903-SPI-27986 International Finance Corporation The Consortium of Allgemeine Baugesellschaft-A. Porr A.G. (Porr) and Werner & Weber Warenhandelsgesellschaft mit beschränkter Haftung (WW) (to be collectively referred as PWW) was awarded the contract to design, build, finance and operate the new solid waste landfill in the City of Jagodina, Serbia, and to operate the local waste collection system. The IFC project entails the financing of the landfill operation, PWW Deponija d.o.o. Jagodina (Deponija Jagodina, or the Project). The construction and financing of the subject landfill operation, the following benefits are expected to be realized: Support to public infrastructure: The Project will enhance the private sector participation in public infrastructure development in Serbia under a PPP structure, which still needs to gain further momentum in the transition economies. Improved quality and standards: Given the Sponsors extensive experience in infrastructure construction in Western Europe, the Project is expected to facilitate the transfer of technology, knowledge and know-how, thereby improving the quality and standards of waste management in the target municipalities. Enabling construction of a necessary project: Given that the first phase of the local landfill of the Municipality of Jagodina has approached its capacity, the second phase investment has become a necessity. Such investment would have been extremely challenging for the Municipality of Jagodina to finance through its own resources under the current investment climate. The involvement of PWW as the strategic investor, and IFC as the financier will enable this necessary project to come to fruition. PWW DEPONIJA DOO JAGODINA Simona Kvaternik Allgemeine Baugesellschaft A. PORR AG Absberggasse 47, A-1103 Wien, Austria +43 (0) 50 626-1552 (phone) +43 (0) 50 626-3495 (fax) simona.kvaternik@porr.at (email) http://www.porr.at International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Jagodina is a town and municipality located in central Serbia, 136 km south of Belgrade, on the banks of the river Belica. Jagodina has approximately 70,000 inhabitants. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 BB - Waste Treatment and Management (Except Wastewater) Total: $47.78 million 47780000.00 47780000.00 PWW DEPONIJA DOO JAGODINA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27986/pww-deponija-d-o-o-jagodina XM-DAC-903-SPI-28172 International Finance Corporation Frikom is a leading ice cream, frozen food and frozen pastry producer in Serbia. The company acquired in 2008 Nova Sloga, a former Serbian state owned mineral water, fruit and vegetable producer. The proposed project is for the corporate restructuring and modernization of Frikom, and for the post-privatization investments in Nova Sloga, to finance capital expenditures, expand fruit production, establish fresh vegetable purchasing, increase mineral water production capacity and improve efficiency. The proposed project supports the continued regional growth of an emerging market player and also develops a local supply chain (raw material, packages, transport, etc) from regional farmers in fruit and vegetable production. -Private Sector Development: Support privatization, rehabilitation and improve the productivity of formerly state-owned assets; -Employment: Safeguard Nova Slogas employment, including a large number in rural areas; -Farmer benefits: Strengthen the competitiveness of vegetable supply chain by providing reliable access to market and technical assistance to farmers; -SME development: companies like Frikom and eventually Nova Sloga after its turnaround are the local engines of supply chains, upstream supporting farmers by providing a reliable off-take of fruits and vegetables, and downstream by supplying retail and distribution networks. -Tax-payer benefit: Increase taxes paid and decrease in state support to a loss making state-owned enterprise; -Quality Management Certification: Improve E&S management and quality certification. FRIKOM DOO BEOGRAD Main Sponsor Contact Ivan Crnjac, Executive Vice President for Strategy and M&A Telephone Number +385 1 48 94 682 Fax Number +385 1 48 94 089 Address Trg D. Petrovica 3 10000 Zagreb, Croatia International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Nova Sloga is located in Serbia, in the Rasina area renown as rich agricultural area with over 160.000 hectares of arable land. Frikom ice cream and cold storage plants are located in Belgrade, Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AI - Other Food Total: $56.41 million 56410000.00 56410000.00 FRIKOM DOO BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28172/frikom-project XM-DAC-903-SPI-28503 International Finance Corporation Kronospan Serbia has finished construction of a particleboard plant in Lapovo to better serve the markets of Serbia and the Balkan countries. Planned plant capacity is 380,000 m3 of particleboard and 11 million m2 of melamine facing per annum. The project was financed by Kronospan and HVB, Germany. Production was to commence in Spring 2009, but the project was delayed due to difficulties with land acquisition, regulatory permissions and a decision to increase capacity to better realize economies of scale. It is expected that the full scale production will start in 2010. Climate Change Mitigation: Climate change benefits include a corporate commitment by Kronospan to produce panel products from waste-wood chips, forest residues and pulpwood, and to stimulate growth of forests through sustainable forest management practices. Kronospan Serbia aims to source 50% of raw material inputs from wood chips and saw dust. Employment: The Project will generate approximately 200 additional jobs in the relatively undeveloped rural area. Benefits to Local SMEs: High volume production of value added products will benefit the local furniture manufacturers and construction industry through lower prices and higher product quality. Increased Linkages: The Project is expected to increase the sourcing of raw materials and wood from local suppliers, thereby enhancing the income of the people involved in the upstream production as well as the planting and harvesting of forests. Import Substitution: Domestic wood panels manufacturers in Serbia are unable to meet local demand. Increased local supply of particleboard is expected to substitute imports and lower board prices in the country and contribute to the competitiveness of exports and the local downstream construction and furniture industries. Strong Demonstration Effect: The success of the project during the ongoing financial crisis is likely to have demonstration effect for similar investments by other global and regional companies. This is likely to encourage FDI, boosting confidence in the economy and the environment for private sector investment. KRONOSPAN SRB DOO LAPOVO (VAROSICA) Nick Matveieff, CFO +44 7836 535057 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The project is a greenfield particleboard plant in the town of Lapovo, near the city of Kragujevac in Serbia. Lapovo is approximately 100 km from Belgrade. The site is located in a rural area, next to a major highway and has direct rail access. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 FC - Wood Panels and Engineered Wood Products Total: $29.50 million 29500000.00 29500000.00 KRONOSPAN SRB DOO LAPOVO (VAROSICA) Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28503/kronospan-ceers XM-DAC-903-SPI-28867 International Finance Corporation ProCredit Bank Serbia (the Bank or PCB) is a full scale commercial bank, whose core business is the provision of credit and other banking services to very small, small and medium-sized enterprises and lower and middle income savers who have previously had limited access to formal financial services. The project consists of a EUR 20 million senior term loan to the Bank. The facility would be dedicated to financing Medium and Small-sized enterprises (MSME). The development impact for the project is high. It fosters: Term funding for MSMEs: - By supporting PCB, IFC will indirectly help Serbian enterprises and support economic activity, including with the much needed development of the countrys MSME sector, and job protection and creation. Countercyclical role: - IFC investment would help banking sector sustain its recently built trust, during this crisis inflicted period. PROCREDIT BANK A.D. Marija NedovicHead of Controlling DepartmentProCredit Bank a.d.Head Office11070 Belgrade, Serbia Milutina Milankovica 17E-mail: m.nedovic@procreditbank.rsWeb site: www.procreditbank.rs Tel: +381 11 20 77 937Fax: +381 11 20 77 905 Svetlana Tolmacheva Chairperson of the Executive Board ProCredit Bank a.dHead Office11070 Belgrade, SerbiaMilutina Milankovica 17 E-mail: s.tolmacheva@procreditbank.rs Tel: +381 11 2077 991 Fax: +381 11 2077 905 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Banks headquarters is located in Belgrade, has 79 branches in 51 cities across Serbia and more than 1,800 staff. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AH - Commercial Banking - SME Finance Total: $26.63 million 26630000.00 26630000.00 PROCREDIT BANK A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28867/procredit-msme XM-DAC-903-SPI-29685 International Finance Corporation Frikom is a leading ice cream, frozen food and frozen pastry producer in Serbia. In 2008, the company acquired Nova Sloga, a former Serbian state-owned mineral water, fruit and vegetable producer. The proposed project is to provide long term financing for the modernization of Frikom, and for the post-privatization investments in Nova Sloga. The project includes the expansion of production capacity in frozen fruits & vegetables, ice-cream and mineral water, investments in storage and retail space, the establishment of fresh fruit and vegetable purchasing, and efficiency improvements. The proposed Project supports the continued regional growth of an emerging market player, and also develops a local supply chain for small fruit and vegetable farmers: - Private Sector Development: Support privatization, rehabilitation and improve the productivity of formerly state-owned assets; - Employment: Safeguard employment at Nova Sloga, including a large number in rural areas; - Farmer benefits: Strengthen the competitiveness of vegetable supply chain by providing reliable access to market and technical assistance to farmers; - SME development: companies like Frikom (and eventually Nova Sloga after its turnaround) are the local engines of supply chains, upstream supporting farmers by providing a reliable off-take of fruits and vegetables, and downstream by supplying retail and distribution networks; - Community development: the construction of a local supermarket (there is none within a 60 km radius), the local presence of an off-taker for produce with credible infrastructure on the ground, the availability of technical assistance for horticulture will support rural and community development; - Tax-payer benefit: Increase taxes paid and decrease in state support to a loss making state-owned enterprise; - Quality Management Certification: Improve E&S management and quality certification at Frikom, and support introduction of E&S management and certification process at Nova Sloga. FRIKOM DOO BEOGRAD Name: Ivan Crnjac Title: Executive Vice President for Strategy and Capital Markets Telephone Number: +385 1 48 94 567 Fax Number: +385 1 48 94 089 Address : Trg D. Petrovica 3, 10000 Zagreb, Croatia International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia Frikoms ice-cream and cold storage plants are located in Belgrade, Serbia. Nova Sloga is located in Serbia, in the Rasina area, which is renown as a rich agricultural area with over 160,000 hectares of arable land. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AE - Fruit and Vegetable Preservation or Processing (Canning, Freezing, Drying, Jams, etc.) Total: $32.56 million 32560000.00 32560000.00 FRIKOM DOO BEOGRAD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29685/frikom-extension XM-DAC-903-SPI-29985 International Finance Corporation In the context of the Joint IFI Action Plan for Central and Eastern Europe (CEE), IFC is proposing to provide a senior loan to Eurobank EFG Beograd a.d. (EFG Beograd), which is a subsidiary of Greece-based EFG Eurobank Ergasias S.A. (EFG). The IFC loan will be used to support EFG Beograds lending operations to micro, small and medium enterprises (MSMEs) in Serbia. The Development Impact is expected to be strong in terms of (i) providing support to EFG Beograd in the form of term lending and (ii) supporting MSMEs in Serbia which EFG Beograd is financing. Eurobank Direktna AD Mr. Dimitris Nikolos Head of Investor Relations Eurobank EFG 20, Amalias & 5, Souri Street, 10557 Athens, Greece Tel: +30 210 333 7844 dnikolos@eurobank.gr Mrs. Lydia Modiano Sector Manager, Corporate Communications Eurobank EFG 20, Amalias & 5, Souri Street, 10557 Athens, Greece Tel: +30 210 333 7391 lmodiano@eurobank.gr International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is the fifth largest bank by total assets in Serbia. It is a universal bank, operating through the network of around 120 branches across the country. It employs more than 1,600 staff. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AH - Commercial Banking - SME Finance Total: $50.00 million 50000000.00 50000000.00 Eurobank Direktna AD Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29985/efgserbia-project XM-DAC-903-SPI-30167 International Finance Corporation Farmakom is one of the largest exporters in Serbia. Since 2006, the group has invested over EUR140 million in its operations in order to add capacity and improve productivity and environmental standards. The IFC project involves both an investment component and a corporate governance advisory component. The investment component seeks to (i) provide much needed financing to a leading private sector group in Serbia to restructure its debt, (ii) fund some capital investments, and (iii) finance additional working capital requirements in line with the projected growth in 2011-13 to increase utilization of completed investments. The Group will - have access to liquidity in order to support its expansion in export markets generating hard currency for the country, - strengthen existing linkages with local suppliers, - provide value-added products & services to customer improving their living standards; and - additional tax revenues to the local Government by increased operations. KONCERN FARMAKOM M.B. DOO - U STECAJU Name: Vladimir ivanovic Title: Executive Manager for Investments and Development Street address: Farmakom MB, Hajduk veljkova bb, Sabac Phone: + 381 15 362 830 Website: www.farmakommb.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Group is a regional player in the Balkans organized in three business lines (manufacturing, agribusiness and mining) with eight operating companies in Serbia in addition to the parent, Farmakom MB in Sabac. The operating companies of the Group are Fabrika Akumulatora Sombor, AD Mlekara Sabac, Zajaca Loznica, Pozega, IK Guca, PIK Debrc 7th July, Lece and Suva Ruda. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 BA - Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.) Total: $59.44 million 59440000.00 59440000.00 KONCERN FARMAKOM M.B. DOO - U STECAJU Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30167/farmakom-mb XM-DAC-903-SPI-30669 International Finance Corporation UniCredit Bank Srbija a.d. Beograd (UniCredit Srbija or the Bank) is among Top 5 banks operating in the Serbian banking market. UniCredit Srbija provides full range of banking services to retail and corporate/SME clients through a network of 70 branches employing 910 people. Investment in the form of the Senior Term Loan, aims to support a long standing partner of IFC by enhancing the capacity of UniCredit Srbija to provide: (i) term funding to agribusiness sector and (ii) access to finance to lower income population for mortgage financing. The project is expected to have a high developmental impact by: (i) supporting bank operations within agribusiness industry, an underserved segment of Serbian economy, by providing term finance for agri producers. Agribusiness is one of the few sectors in Serbia where country has current account surplus and where Serbia can develop a sustainable long term competitive position (ii) access to finance to lower income population by providing long term housing finance that is currently not available in the market, and (iii) IFC investment will help banking sector sustain its recently built trust, significantly affected by the global economic crisis. UNICREDIT BANK SRBIJA A.D. Jelena Ili Spokeperson Identity and Communications/Customer Satisfaction UniCredit Bank Serbia JSC Omladinskih brigada 88, Airport City 11000 Belgrade, Serbia Tel. +381 11 3028 836 - Fax +381 11 2169 629 mailto:jelena.ilic2@unicreditgroup.rs http://www.unicreditbank.rs International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The Bank is headquartered in Belgrade and has 70 branches across Serbia. Investments can be made throughout the country. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Total: $71.22 million 71220000.00 71220000.00 UNICREDIT BANK SRBIJA A.D. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30669/unicredit-agri XM-DAC-903-SPI-31030 International Finance Corporation CLN Group, and Proma Group, two Italian automotive suppliers (the Sponsors) have decided to jointly invest in Serbia in a Greenfield metal stamping factory (the Project). The Project will be located in Grosnica, a supplier park dedicated to FIATs new plant in Kragujevac. FIAT current production capacity in Kraguievac is 20,000 car/year and is expecting to grow to 140,000 car/year by 2013 and potentially 300,000 car/year by 2015. The Project will produce for FIAT, seat structure, safety component and system, suspension and car jacks, with manufacturing processes including press, assembly and painting. The plant is expected to create 367 skilled jobs. Sustainable employment creation - The Project is expected to create at least 367 skilled jobs in Sumadija District, a frontier region of Serbia. Support FDI in Serbia - Channeling foreign direct investment is a priority for Serbia. The project will contribute to balancing Serbia''s large current account deficit. Support export oriented industry - the project will sell its product to FIAT assembly plant in Kragujevac, which will export 90% of the production. Technology transfer - MA and Proma are FIAT trusted suppliers and have state-of-the-art technologies and efficient processes. Local staff will be trained to new, highly competitive standards. PMC AUTOMOTIVE DOO KRAGUJEVAC Mr Fabio Montuori Gruppo Proma San Nicola la Strada (CE) V.le Carlo III, Trav. Galvani 81020 San Nicola la Strada, Italy Tel.: +39 0823227205 Fax: +39 0823454164 e-mail: fabiomontuori@gruppoproma.it International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia The project is a greenfield, located in Grosnica, a supplier park less than a kilometer from FIATs plant in Kragujevac, Serbia. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 CG - Motor Vehicle Parts Total: $26.88 million 26880000.00 26880000.00 PMC AUTOMOTIVE DOO KRAGUJEVAC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31030/pmc-serbia-project XM-DAC-903-SPI-31515 International Finance Corporation Komercijalna Banka ad Beograd (KBB or the Bank or the Company) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. Headquartered in Belgrade, KBB has developed a strong domestic franchise and expanded to Bosnia & Herzegovina and in Montenegro. The Bank currently employs more than 3,000 staff. KBB SubDebt (the Project) supports an existing client of IFC, a systemic bank in the Serbian banking sector, with long-term financing which is currently unavailable in the market. This partnership will further support private sector development and sustainable economic growth as it would enhance the Banks capacity to serve clients. By providing the Bank with the sub-debt, IFC/AMC will help Komercijalna to strengthen its capital base at a time where Basel II capital requirements are to be adopted in Serbia. This will consequently allow the Bank to further strengthen its position in the market and bolster its financial services and products to Serbian enterprises and individual consumers, supporting economic activity and job protection in the country. KOMERCIJALNA BANKA Ms. Jelena Djurovic, Strategic Planning Officer Komercijalna Banka ad Beograd Svetog Save 14, Belgrade, Republic of Serbia Telephone: 381-11-308 01 00 Fax: 381-11-344 13 35 Website: HYPERLINK " http://www.kombank.com/ " www.kombank.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia KBB is headquartered in Belgrade and operates through its network of 235 branches and outlets in Serbia and two subsidiary banks in Bosnia & Herzegovina and Montenegro. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AA - Commercial Banking - General Total: $81.60 million 6600000.00 75000000.00 6600000.00 KOMERCIJALNA BANKA 75000000.00 KOMERCIJALNA BANKA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31515/kbb_subdebt XM-DAC-903-SPI-31667 International Finance Corporation MK Group d.o.o. (the MK Group, or the Group), a leading vertically-integrated agro-industrial conglomerate with vast the majority of its operations in Serbia, has embarked on a 87 million investment plan which comprises: (i) the acquisition of Carnex AD Meat Industry (Carnex), the Serbian brand leader in processed meat products; (ii) the upgrade and expansion of Carnexs vertically-integrated operations; (iii) the expansion and modernization of the Groups primary agriculture operations; and, (iv) permanent working capital to support the growth of the Group''s operations (the Project). The Project will enable the Group to further diversify and expand its operations vertically and horizontally in sectors where it already operates as well as adjacent industries, namely livestock and meat production. Thereby, the Project is expected to increase the size, strength and sustainability of MK Groups operations. The development impact of the Project is expected to include: (i) Operational turnaround and efficiency improvements at Carnex, a large employer and former regional leader; (ii) Support to an agricultural company involved in value-added production in a sector important to Serbia''s economy; (iii) Extend the MK Goup''s reach to farmers and imporve agricultural infrastructure; (iv) demonstration effect by encouraging other companies to invest in the region; and (vi) increased tax revenues. MK GROUP DOO Milica Lukic, MK Group Bulevar Mihaila Pupina 115e, 11070 Novi Beograd, Serbia Phone: + 381 11 35 39 528 Dusko Marjan, Carnex Kulski put 26, 21460 Vrbas, Serbia Phone: +381 21 7953 609 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Serbia With offices in Belgrade and Novi Sad, the Project funds will support MK Groups agriculture-related operations which are concentrated in the northern Serbian province of Vojvodina. Carnexs operations are located in the municipality of Vrbas, also in the Vojvodina province. The Vojvodina province is home to Serbias most fertile land and most of its economy revolves around agribusiness activities. Location description A description that qualifies the activity taking place at the location. 44.8189200000 20.4599800000 AG - Diversified Edible Agricultural Crops Production Total: $55.82 million 55820000.00 55820000.00 MK GROUP DOO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31667/project-sava