BiH Voluntary Pension Fund (EBRD-47715)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Nov 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
SKUPNA POKOJINSKA DRUZBA, D.D.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 370,000.00
Converted using 2016-09-29 exchange rate.
Project Cost (USD)
$ 2.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 2,250,000.00
Converted using 2016-09-29 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 1, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
The EBRD is considering an equity investment in the form of ordinary shares in the first voluntary pension fund management company in Bosnia and Herzegovina alongside Skupna Pokojinska Druzba and the Republika Srpska Reserve Pension Fund.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
SKUPNA POKOJINSKA DRUZBA, D.D. is the Sponsor of this Project. Skupna was established in 2000 and is currently one of the leading specialised providers of voluntary pension insurance for private sector employees in Slovenia.
Contact Information
Tomaz Zavrsnik tomaz.zavrsnik@skupna.si +386 (1) 4700855 http://www.skupna.si SKUPNA pokojninska dru#ba, d.d., Ljubljana / Trg republike 3 / SI - 1000 Ljubljana Slovenia ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.