Download - EBRD in Bosnia and Herzegovina II
-
8/19/2019 EBRD in Bosnia and Herzegovina II
1/18
EBRD in Bosnia and Herzegovina
October 2011
-
8/19/2019 EBRD in Bosnia and Herzegovina II
2/18
2
Agenda
EBRD at a glance
Bosnia and Herzegovina – economic highlights
EBRD in BiH
-
8/19/2019 EBRD in Bosnia and Herzegovina II
3/18
What is the EBRD?
International financial institution,
promotes transition to market
economies in 29 countries from
central Europe to central sia
!"ned #$ %& countries and t"ointer'governmental institutions
(apital #ase of )*+ #illion
t the nnual -eeting in .agre# in -a$ 2+&+,
the Board of /overnors approved the Bank0s
capital increase from )2+#n to )*+#nauthorised capital1
Cumulative commitments of €61.8 billion
Unaudited as at 31 March 2011
-
8/19/2019 EBRD in Bosnia and Herzegovina II
4/18
Invested over )%&1#n in
more than *,&%3 pro4ects
since &99&
5rivate sector 6 78 ofEBRD finance
De#t &8, Euit$ &98 of
EBRD finance
)&1n :de#t ; +19 <euit$ ; +12= invested in
2+&& so far
€ billion
EBRD in 2011
A n n u a l b u s i n e s s v o l u
m e A B ! "
#etcu
mulativebusin
essvolume
Reconciled as at 31 March 2011
-
8/19/2019 EBRD in Bosnia and Herzegovina II
5/18
What are the EBRD$s ob%ectives?
>o promote transition to market economies #$
investing mainl$ in the private sector
>o mo#ilise significant foreign direct investment
>o support privatisation, restructuring and #etter
municipal services to improve people0s lives
>o encourage environmentall$ sound and sustaina#ledevelopment
-
8/19/2019 EBRD in Bosnia and Herzegovina II
6/18
EBRD o&&ers a variet' o& di&&erent
&inancing instruments
?enior, su#ordinated,
converti#le
@ong term
Aorking capital
iCed floating interest
rates
5olitical risk guarantees
(ommonpreferred
shares
-ezzanine financing
ECclusivel$ minorit$participations :up to
*8=
F5ortage Euit$F
In'house s$ndication
unit
@ender of record
EBRDGs 5referredcreditor status attracts
other financiers
(oans(oans E)uit'E)uit' *'ndication*'ndication
-
8/19/2019 EBRD in Bosnia and Herzegovina II
7/18
7
Agenda
EBRD at a glance
Bosnia and Herzegovina + macroeconomic highlights
EBRD in BiH
-
8/19/2019 EBRD in Bosnia and Herzegovina II
8/18
Bosnia and Herzegovina
,acroeconomic highlights
@ong dela$s in forming governments at all levels ' there is
still no state'level government
lmost no progress has #een made to"ards E
approCimation
-acroeconomic performance in 2+&+ has slightl$
improved
Real /D5 gro"th is estimated to have reached +17 per
cent last $ear and for 2+&& /D5 is estimated at 2128
-
8/19/2019 EBRD in Bosnia and Herzegovina II
9/18
Bosnia and Herzegovina
,acroeconomic highlights
Business environment conditions are still difficult "ith
#urdensome administrative procedures for enterprises
@o" level of DI in 2+&+ – around ER 2++ million
5rivatisation process needs to #e accelerated to #ring ne"
investments
Je$ for economic recover$ and future sustaina#le gro"thK
continued implementation of pu#lic sector reform and
adherence to the I- agreement
-
8/19/2019 EBRD in Bosnia and Herzegovina II
10/18
-
8/19/2019 EBRD in Bosnia and Herzegovina II
11/18
11
EBRD is a ma%or investor in BiH
L >o date, EBRD signed 3 pro4ects "ith cumulative
#usiness volume of more than ER &1* #illion
L -o#ilised total investments of ER 21 #illion
L In the period Manuar$ 2++7 to !cto#er 2+&& the
EBRD signed + ne" pro4ects amounting to ER
7** million1
-
8/19/2019 EBRD in Bosnia and Herzegovina II
12/18
12
Bosnia and Herzegovina-
EBRD .ort&olio b' sector
-
8/19/2019 EBRD in Bosnia and Herzegovina II
13/18
*elected /ublic *ector nvestments
*igned lient /ro%ect
2++ orridor !c
@oan of ER &+ million for construction of priorit$ motor"a$ sections of >rans'European (orridor Nc through Bosnia and Herzegovina1 5arallel financingprovided #$ EIB1
2++
2+&+
Regional Raila's/ro%ect
2++K ER 7+ million loan for rail"a$ track rene"al and upgrade of station androute control signaling1 Moint financing "ith EIB1
2+&+K ER &+ million loan increase to top up savings and ena#le completion of
the reconstruction of the southern section of rail"a$ (orridor Nc1
2++7
2+&+
Bi%el%ina Water andWasteater /ro%ect
Bi%el%ina WW3/
2++7K ER 7 million loan to help finance construction of a "aste "ater net"orkand reconstruction of "ater suppl$ net"ork
2+&+K dditional ER million loan for the construction of a "aste"ater treatmentplant and the eCpansion of the "aste"ater collection net"ork1 /rant co'financingof ER &+1 million from E and ?ida1
2++%/oer Distribution/ro%ect
ER million loan to help modernise the electricit$ distri#ution infrastructure in
the countr$, to ensure a more relia#le po"er suppl$, reduce losses and improveenerg$ efficienc$1
2+&+De.osit nsuranceAgenc' DA"
ER + million credit line to ena#le DI to increase the deposit insurancecoverage1
-
8/19/2019 EBRD in Bosnia and Herzegovina II
14/18
*elected /rivate *ector nvestments
*igned lient /ro%ect
2++ Arcelor ,ittal 4enica
ER 2m senior long'term loan, supporting the privatization of BH ?teel
EBRD committed close to ER 7+m to -ittal ?teel in BiH, Jazakhstan, Romania,OR -acedonia
2++3vornica O.e5e*ara%evo
?enior long'term loan of ER %12m for financing the renovation of a disused #rickfactor$ in ?ara4evo for production of a range of cla$ #ricks
2++% #atron Ha'at ,agla%EBRD provided ER &&m loan alongside additional financing of ER 99m from otherinternational and local commercial #anks
2++%2++7
(E6- !6 7omerc
2++%K ER m euit$ investment for eCpansion of operations and upgrade of eCisting1ECit in 2++7
2++7K @ong term loan of ER 3m to support N Jomerc restructuring effort andtransformation from a retailer into a propert$ management compan$1
2++2++9
(E6- Bimal Brc5o2++K ER %m financing for agri'commodities financing
2++9K follo" up loan of ER 3m for permanent "orking capital financing
2++9 7onzum *ara%evo@ong term loan of ER 2m loan alongside additional financing of ER 2m fromother participating #anks
2+&+ (E6- Bingo 3uzlaER %1 m long'term de#t for the eCpansion of retail activities in BiH
-
8/19/2019 EBRD in Bosnia and Herzegovina II
15/18
*elected 6inancial nstitutions
nvestments
*igned lient /ro%ect
2++9 8nicredit (easing?-E (redit @ine of ER &m
2++9 8nicredit Ban5?-E (redit @ine of ER *+m
2+&+E89EBRD WeB*E(6 :8nicredit ban5
?-E (redit @ine of ER m
2+&+ WB66 : 8nicredit leasing?-E (redit @ine of ER &+m
2+&+E89EBRD WeB*E(6:Rai&&eisen ban5
?-E (redit line of ER m
2+&+ ntesa *an/aolo Ban5?-E (redit line of ER 2+m
-
8/19/2019 EBRD in Bosnia and Herzegovina II
16/18
EBRD *.ecial available .rogrammes
EBRD:tal' (ocal Enter.rise 6acilit' (E6"
– Esta#lished 4ointl$ #$ the EBRD and the Italian /overnment in
2++%
– )27+ million proprietar$ investment vehicle for small and medium'
sized enterprises in the region
– delegated facilit$ for e)uit' and )uasi:e)uit' investments, as
"ell as tailor'made debt &inancing;
– >o meet the gro"ing financing needs of d$namic local enterprises,not sufficientl$ supported #$ other financing sources1
-
8/19/2019 EBRD in Bosnia and Herzegovina II
17/18
EBRD *.ecial available .rogrammes
Western Bal5ans *ustainable Energ' Direct 6inancing 6acilit' and
Western Bal5ans *ustainable Energ' redit (ine 6acilit'
– acilities esta#lished #$ the EBRD to provide de#t financing for small
rene"a#le energ$ and energ$ efficienc$ pro4ects
3A, 9 BA*
– >he complementar$ >urnround -anagement :>-= and Business
dvisor$ ?ervice :B?= 5rogrammes provide micro, small and
medium'sized enterprises "ith direct assistance from eCperienced
#usiness advisors and consultants, helping them to adapt to thedemands of a market econom$
-
8/19/2019 EBRD in Bosnia and Herzegovina II
18/18
18
3han5 'ou &or 'our attention