Mandatory Reserves - Komercijalna banka a.d. Beograd (MIGA-14816)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Nova Ljubljanska banka d.d.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Jun 17, 2021

Disclosed by Bank May 14, 2021


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Project Description

On a consolidated level, the MIGA guarantee is expected to provide regulatory capital relief to NLB by reducing the amount of Risk-Weighted Assets (RWAs). The guarantee is expected to last up to seven years. NLB is Slovenia's largest banking and financial services company, with operations throughout the region. Outside of Slovenia, NLB's banking subsidiaries must maintain mandatory reserves at their respective central banks based on the volume of customer deposits. Mandatory reserves have an impact on NLB's consolidated RWAs, resulting in less headroom for other assets at a given capital level.

 

Investment Description

Contact Information

Project contacts not available at the time of disclosure.

 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information

You can also request general information about MIGA and for information on guarantees by emailing: migainquiry@worldbank.org

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org