FIF - WiB III Phase II - Banca Intesa Belgrade (EBRD-54127)

  • 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
Dec 14, 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)
$ 5.32 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.
Project Cost (USD)
$ 5.32 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 5
Converted using 2023-01-06 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 6, 2023

Disclosed by Bank Nov 8, 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.

According to the bank website, this project involves the:

"Provision of a senior unsecured loan in the amount of up to EUR 5 million in a single tranche to Banca Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the sixth consecutive loan to BIB under WB WiBP following the successful utilisation of the previous facilities."

The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.


EUR 5,000,000.00


EUR 5,000,000.00


The project will support the market segment as a whole and enable the continuation of the successful implementation of the previous five WiB projects.


Categorised FI (2019 ESP). BIB is an existing client and their performance to date has been aligned with EBRD performance requirements for FIs. They have been reporting as required throughout the relationship with EBRD and have maintained required E&S processes and procedures over this time. They will continue to apply the required PRs 2, 4 and 9 to this new transaction, along with the Bank's E&S Risk Management Procedures for Corporate, SME and Micro Loans. Solar sub-projects will be managed in line with 'The Proposed Management Approach for Solar Supply Chain Risk Management' and any subsequent guidance developed under that approach. Sub-borrowers financed through BIB's loans will continue to be required to comply with national environmental, health, safety and labour (EHSL) requirements.



Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Banca Intesa Belgrade ("BIB") is the largest bank in Serbia and among the leading banks in corporate and retail banking. As of 1H22, BIB had a market share of 14.6% by total assets, 15.8% by net loans and 15.7% by deposits. BIB has been one of the most profitable banks in Serbia for many years, thanks to economy of scale, good diversification and efficient operations. It has approximately 3,000 employees and a branch network of 155 offices across Serbia.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


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



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