Summary of Proposed Investment
Project Number
10786
Company Name
Sarajevo Privatization Venture Ltd.
Date SPI Disclosed
May 9, 2001
Country
Bosnia and Herzegovina
Industry
Financial Markets
Projected Board Date
Jun 10, 2001
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jun 14, 2001
Signed : Dec 14, 2001
Invested : Dec 17, 2001
Project Description
The proposed Project will help the Bosnian government privatise its share in three still majority state owned banks (PBS, Central Profit Banka, Travnicka Banka) group by June 30, 2001, the deadline agreed with IMF and the World Bank. The Project will also help to restructure guarantees issued by PBS and this will release all PBS group banks from their joint and several liability, which currently threatens the very existence of all PBS spin offs.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
RReichel@ifc.org