ebrd in bosnia and herzegovina ii

8/19/2019 EBRD in Bosnia and Herzegovina II

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EBRD in Bosnia and Herzegovina

October 2011


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2

Agenda

EBRD at a glance

Bosnia and Herzegovina – economic highlights

EBRD in BiH


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


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


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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


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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


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7

Agenda

EBRD at a glance

Bosnia and Herzegovina + macroeconomic highlights

EBRD in BiH


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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


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


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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


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12

Bosnia and Herzegovina-

EBRD .ort&olio b' sector


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*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


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*elected /rivate *ector nvestments


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


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*elected 6inancial nstitutions

nvestments


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


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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


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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$


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ebrd in bosnia and herzegovina ii

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