KOMERCIJALNA BANKA
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Komercijalna Banka is a universal bank in Serbia and among the leading banks in the financial sector, currently ranking No:2 by both assets and deposits, having 249 branches and 3,012 employees. The bank serves a diverse range of clients: 40% corporates, 22% SME and 28% retail. The bank's major shareholders are the Republic of Serbia holding 42.5% of the shares and EBRD with 25%. It's current market share in the Serbian financial sector is 10.8%.
What is our funding objective?
Historically, Komercijalna Banka has funded its activities with retail and corporate deposits on the basis of its good standing in the Serbian financial sector. Since Serbia is virtually unserved by international commercial banks, Komercijalna Banka is depending on IFI's and DFI's for its long-term funding. FMO's funding will be used to stimulate the bank's SME lending activities significantly considering the fact that the bank's current SME portfolio represents 22% (EUR 350 million) of its total portfolio.
Why do we fund this investment?
FMO's impact is mainly derived from the strong financial position and sound quality of the management of the Komercijalna Banka. In addition, impact is derived from the purpose of FMO's loan (SME), as SME's are an integral part of the bank's strategic market focus, and Serbian SME's are currently underdeveloped compared to SME's in the EU. The fact that there is still insufficient access to proper finance is one of the reasons for the underdeveloped position.
- Website customer/investment
- http://www.kombank.com
- Region
- Europe & Central Asia
- Country
- Serbia
- Sector
- Financial Institutions
- Effective date
- 6/28/2013
- End date
- 12/28/2016
- Total FMO financing
- EUR 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B