News Column

UCB Serbia - Mortgage Loan

May 10, 2014



Project Reference Number:46067

Project Status: Active

Project Phase: Planning

Project Value: 10 million

Project Location:Serbia

Scope of Work:

The EBRD is considering a mortgage loan of up to 10 million to UniCredit Bank Serbia JSC for on-lending to private individuals in Serbia. The proceeds of the loan will be used by UniCredit Bank Serbia to provide long-term financing for residential mortgages in Serbia.

Status:

Passed concept review, Pending final review

Transition Impact

The Mortgage Loan will contribute to the transition process by maintaining an essential flow of lending to private individuals at a time when the availability of credit, particularly on very long terms, has been constrained. Transition impact potential also derives from the demonstration effect associated with the improvement of competitiveness, transparency for final mortgage sub-borrowers and raising standards of residential mortgage lending.

Project completion date : 2015-12-31 12:00:00

Major organization : UNICREDIT BANK



Address : Omladinskih brigada 88

11070 Belgrade



Email : rastko.nicic@unicreditgroup.rs



Financier : European Bank for Reconstruction and Development (EBRD),



Financier address : European Bank for Reconstruction and Development (EBRD)

One Exchange Square

London EC2A 2JN

United Kingdom

Website : http://www.ebrd.com


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Source: TendersInfo (India)


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