FIF - Reboot SME - Banca Intesa Belgrade (EBRD-53467)

  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
  • Serbia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 6, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 28.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 25
Converted using 2023-07-17 exchange rate.
Project Cost (USD)
$ 28.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 25000000
Converted using 2023-07-17 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 17, 2023

Disclosed by Bank Mar 1, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.


Provision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME").


The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.


The project supports the Competitive and Green TI qualities.



The Competitive quality will be supported by: (i) facilitating SMEs' increased competitiveness; and (ii) prioritising investments that result in compliance with EU Directives and other relevant international standards. The project will also facilitate investments in green technologies that will drive the transition to an environmentally sustainable, lower-carbon and climate-resilient green economy, thus supporting the Green quality.



BIB is the largest bank in Serbia and a market leader in corporate and retail banking. As of 3Q 2021, BIB had a market share of 15.4% by total assets, 15.6% by net loans and 16.5% by deposits. BIB has been one of the most profitable banks in Serbia for many years, thanks to economies of scale, good diversification and efficient operations. It has approximately 3,000 employees and a branch network of 150 offices across Serbia.


EUR 25,000,000.00


EUR 25,000,000.00


Combining the necessary long-term financing with technical support and targeted investment incentives into a package that promotes green investments that will improve the competitiveness of SMEs.


Categorised FI (ESP 2019). BIB is an existing client and has provided satisfactory Annual E&S Reports to the Bank to date. BIB will be required to continue to comply with EBRD's PRs 2, 4 and 9, adopt the EBRD's E&S Risk Management Procedures for Corporate, SME and Micro Loans including adherence to the expanded EBRD E&S Exclusion List and Referral List introduced with ESP 2019 and submit AESRs to the Bank. Sub-borrowers financed through BIB's loan will be required to comply with national environmental, health, safety and labour (EHSL) requirements. The Project's use of proceeds may include the financing of solar sub-projects.



The project will be supported by a comprehensive technical assistance to BIB and sub-borrowers to facilitate the project preparation and successful implementation of the Reboot SME programme.


Snezana Topalovicsnezana.topalovic@bancaintesa.rs381 11 201 1400381 11 201 1260 Popovica 7b
11070 Novi Beograd

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

EBRD financed 25 million euros for the project.

Contact Information
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Snezana Topalovic
381 11 201 1400
381 11 201 1260
Milentija Popovica 7b 11070 Novi Beograd



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