GEFF - Slovak Republic - Slovenska Sporitelna (EBRD-49881)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Slovakia
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
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.
Voting Date
Jul 4, 2018
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
Slovenska Sporitelna a.s.
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Energy
  • 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)
$ 58.46 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 50
Converted using 2018-05-31 exchange rate.
Project Cost (USD)
$ 58.46 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 50
Converted using 2018-05-31 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 27, 2019

Disclosed by Bank May 31, 2018


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Project Description

This project provides financing to Slovenska Sporitelna a.s. under the Green Economy Financing Facility for lending to green investments in the muncipal sector, including service providers. This project aims to conserve energy and resources in the muncipal sector.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

Slovenska Sporitelna a.s is a commercial bank incorporated in Slovak Republic with total assets in excess of EUR 16 billion it is the largest bank on the Slovak market, accounting for ca 21% market share in terms of total assets. It operates as a universal bank servicing more than 2.2 million clients through 271 branches and is fully owned by Erste Group Bank AG.

Contact Information

Maros Opálek
opalek.maros@slsp.sk
+421 2 5826 8111
+421 2 5826 8670
www.slsp.sk
Tomásikova 48 832 37 Bratislava

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.