PROJECT

Projects

Summary of Investment Information

Project Number

49983

Company Name

AIK BANKA AD

Date SPI Disclosed

Oct 17, 2024

Country

Serbia

Region

Europe

Projected Board Date

Nov 30, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 20, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2024
Signed : Dec 24, 2024
Invested : Feb 18, 2025

Sector

Commercial Banking - General

Project Description

The proposed investment consists of an up to EUR75 million or its equivalent in Serbian Dinar (RSD) for IFC’s 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 IFC’s investment are to be entirely deployed for climate finance of corporates and Medium, Small and Micro Enterprises (MSMEs) in Serbia (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation