📋 Tender Overview
Location:
Bosnia and Herzegovina
Project number:
55998
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
BE
Approval date:
14 Jan 2025
Status:
Approved
English-language PSD published:
17 Jan 2025
Project Description
A senior secured loan of up to €10 milion to be provided to Raiffeisen Bank dd BiH ("RBBH"), under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme").
Project Objectives
The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations.
Transition Impact
ETI score: 65
The Programme's objective and structure support the Competitive and Green transition qualities by facilitating SME's increased competitiveness and prioritising investments that result in compliance with EU Directives, as well as in promoting digitalisation in countries where SMEs lag behind on competitiveness and digital readiness. The Programme will also facilitate investments in green technologies that will drive the region's transition to an environmentally sustainable, lower-carbon and climate-resilient green economy.
Client Information
RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINA
RBBH is a universal bank, headquartered in Sarajevo, operating through 84 branches in BiH with 1,382 employees. The bank is ranked second in terms of total assets (13.3% market share), loan portfolio (12.5% market share) and deposits (13.6% market share) at YE 2023.
EBRD Finance Summary
EUR 10,000,000.00
Total Project Cost
EUR 10,000,000.00
Additionality
The EBRD offers long-term financing which is above the market average and provides expertise, innovation, knowledge and/or capabilities that are material to the timely realisation of the project's objectives.
Environmental and Social Summary
Categorised FI (ESP 2019). Raiffeisen Bank BiH (RBBH) is an existing client whose environmental and social (E&S) performance to date under existing exposures has been satisfactory. RBBH has improved its E&S policy and procedures in line with EBRD's and IFC's Requirements which are applied to its whole commercial lending portfolio. A part of the Raiffeisen Group, the Group became a UN Principles for Responsible Banking member in 2023 and publishes its ESG policy and annual sustainability report. RBBH should maintain its E&S management system to assess, ma
