UniCredit Group MR Coverage (UniCredit Bank a.d.) (MIGA-3539)

Countries
  • Austria
  • Bosnia and Herzegovina
  • Italy
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.
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.
Voting Date
Dec 16, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
UniCredit Group MR Coverage (UniCredit Bank a.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)
$ 49.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 49.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Aug 8, 2017

Disclosed by Bank Oct 25, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This MIGA guarantee covers the equity investments of Austria's UniCredit Bank AG and Italy's UniCredit S.p.A in their subsidiary, UniCredit Bank a.d. in Bosnia and Herzegovina. This guarantee covers the equity investments for a period of up to 10 years against the risk of expropriation of funds.
Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
UniCredit Bank is the leading banking group in Central and Eastern Europe, with over 1,000 branches in 13 countries, and has a long-term strategy to develop its business with both corporate and private clients throughout the region.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF 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/