PROJECT

Projects

Summary of Investment Information

Project Number

36797

Company Name

Eurobank Direktna AD

Date SPI Disclosed

May 28, 2015

Country

Serbia

Region

Europe

Projected Board Date

Jun 29, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2015
Signed : Jul 31, 2015
Invested : Sep 22, 2015

Sector

Commercial Banking - Housing Finance

Project Description

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 štedionica - banka a.d.
International Finance Corporation ("IFC") proposed financing of up to EUR35 million is to support the Bank’s lending portfolio for the purpose of housing/mortgage lending and trade finance activities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation