PROJECT

Projects

Summary of Investment Information

Project Number

44745

Company Name

ERSTE & STEIERMARKISCHE BANK D. D.

Date SPI Disclosed

Jun 30, 2021

Country

Croatia

Region

Europe

Projected Board Date

Jun 25, 2021

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 6, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 24, 2021
Signed : Jun 25, 2021
Invested : Jul 6, 2021

Sector

Commercial Banking - Housing Finance

Project Description

The proposed project is to invest up to EUR75 million (approximately equal to US$90.6 million) in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior preferred (SP) bonds to be issued by Erste&Steiermarkische Bank d.d. (EBC or the Bank).

 

IFC’s investment would help to support the Bank’s housing portfolio including green housing loans.

Associated Advisory Engagement

                       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation