According to the Bank’s website, the proposed project is to invest up to EUR65 million (equivalent to USD69 million) for IFC’s own account in Minimum Requirement for Own Funds and Eligible Liabilities (MREL) eligible senior preferred (SP) instrument to be issued by Erste Bank A.D. Novi Sad (EBS or the Bank), a reputable bank in Serbia and a subsidiary of Erste Group, IFC’s strategic partner and one of the largest banking groups in Europe (the Project). The proceeds of IFC’s investment will be used to support the Bank’s MSME clients and climate change mitigant projects.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Erste Bank a.d. Novi Sad
Erste Bank A.D.
Balance Sheet Management Analyst
Bulevar Milutina Milankovica 3A 11070 Novi Beograd, Serbia
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