GEFF WB - UCBL EE Residential Loan (EBRD-49132)

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
U
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
May 4, 2017
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 BANK A.D. BANJA LUKA
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.49 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 5 million
Converted using 2017-05-04 exchange rate.
Loan Amount (USD)
$ 5.49 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 5 million
Converted using 2017-05-04 exchange rate.
Project Cost (USD)
$ 5.49 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 5 million
Converted using 2017-05-04 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 21, 2018

Disclosed by Bank Apr 6, 2017


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Can you contribute information about this project?
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Project Description

According to EBRD website, the project will aim to contribute to the green economy markets in Bosnia and Herzegovina by (i) increasing awareness, as well as capacity and involvement, of the population and private sector participants in residential green economy investments, (ii) improving living comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings in the key energy consuming sector of the Bosnian economy.

will address the residential sector in Bosnia and Herzegovina and is expected to stimulate the growth of the market for green technologies and materials across the country. The project is expected to demonstrate the positive benefits of resource conservation and promote the expansion of green lending to individual households and their collectives in a sector characterised by a relatively high energy and carbon intensity. It will demonstrate to other banks the market potential for green lending and foster the mobilisation of the private sector financing for the currently underserved residential sector. Financing under the Facility will be complemented with targeted incentive payments, Technical Cooperation, as well as a wide-reaching awareness campaign to alleviate affordability, information and other prevailing barriers and further underpin the market demand for high-performance solutions.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Jasminka Bajic
Email Address: jasminka.bajic@unicreditgroup.ba
Telephone No.: +387 (51) 243 296
Website: https://www.unicreditbank-bl.ba/sr/stanovnistvo.html#home
Office Address: Marije Bursac 7 Banja Luka, 78000 Bosnia and Herzegovina

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

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.