Project description
and objectives:
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The EBRD is considering providing a senior loan to Allianz Bank Bulgaria (“ABB”) in the amount of €20 million for on-lending to SME companies.
The proceeds of the loan will be used to provide short, medium and long-term financing to Bulgarian private independent SME companies, defined according to the EU definition.
The project also aims to improve ABB’s reach of SME funding, especially given limited availability for medium and long-term financing under the current financial crisis.
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Transition impact:
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The EBRD’s facility will increase the provision of long-term funding available in the banking sector to be channelled to SME lending and, therefore, allow private entrepreneurs to access bank financing for production, trade and services during the critical crisis times.
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The client:
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ABB is a private commercial bank organised and functioning under the law of Bulgaria. ABB is the 13th largest Bulgarian bank, with a 2.3% market share of total banking assets as of June 2009, 110 branches countrywide.
ABB is owned 66% (directly and indirectly) by Allianz Group, one of the largest financial services groups worldwide.
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EBRD finance:
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A senior SME loan to ABB in the amount of €20 million.
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Total project cost:
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€20 million.
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Environmental impact:
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ABB will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans and will be required to conduct its business in accordance with PR 2. ABB will be required to comply with applicable national environmental, health and safety and labour requirements, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Ana Delcheva
Correspondent Banking
Allianz Bank Bulgaria AD
20, "Petko Todorov" Blvd.
1408 Sofia, Bulgaria
Tel: +359 2 9215 474
E-mail: ana.delcheva@bank.allianz.bg
Website: http://bank.allianz.bg/
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EBRD contact:
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Galena Koleva, Operation Leader: kolevag@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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Public Information
Policy (PIP):
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The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP
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Independent Recourse
Mechanism (IRM):
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The EBRD has established the IRM to give local groups that may be directly and adversely affected by a Bank project a means of raising complaints or grievances with the Bank, independently from banking operations.
Guidelines for Making a complaint and the Rules of procedures
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