PRVA KOMUNALNA BANKA A.S. (CREDIT LINE)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3813

Status Complete

Location

Slovak Republic

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 3813

Status Complete

Location

Slovak Republic

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

15 Jul 1997

Disclosure date

12 Jun 1997

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Credit line of DM 20 million to Prvá komunálna banka for on-lending to private enterprises.

The project aims to: (i) support a developing regional private sector financial institution in the Slovak Republic that is committed to the local market and the expansion of its term lending operations for investment purposes; (ii) develop financial intermediation; (iii) finance indirectly investment projects that the EBRD cannot finance itself due to their small size; (iv) increase long-term funding on the Slovak market for financing medium and long-term investment projects of private sector enterprises established and operating in the Slovak Republic or in the Czech Republic.

Transition Impact

The credit line will support the growth and strengthening of the private sector by advancing its modernisation and restructuring.

The Client

Prvá komunálna banka is a regional universal financial institution providing a full range of commercial banking services to its corporate and retail clients. At 31 March 1997 it had net worth of DM 58.4 million and total assets of DM 712.4 million.

EBRD Finance

The credit line of DM 20 million (ECU 10.8 million) will be available in two tranches of DM 10 million each. The two tranches will each have seven years total maturity with an 18 months grace period. The credit line will support the development of a private sector regional financial institution in the Slovak Republic and expand the currently limited long-term resources available in the country to private sector enterprises for financing medium and long-term investment projects.

Project Cost

DM 20 million (ECU 10.8 million).

Environmental Impact

The project does not require an environmental audit. Sub-projects will be financed in accordance with the EBRD's environmental procedures for financial intermediaries.

Technical Cooperation

None

Company Contact

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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