ebrd in bosnia and herzegovina

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    EBRD in Bosnia andHerzegovinaNovember 2015

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    What is the EBRD?

    3/18/1 2

    !nternationa" #nan$ia" instit%tion&'romotes transition to mar(ete$onomies in 35 $o%ntries )rom$entra" E%ro'e to $entra" *sia

    !n 2011& the Ban( e+'anded its

    o'erations to in$"%de Eg,'t&-oro$$o& .%nisia and ordan o%thern and Eastern-editerranean E-ED region

    !n 2014& the EBRD e"$omed6,'r%s and 7ib,a as a re$i'ient

    $o%ntr, and member res'e$tive",

    9ned b, 5: $o%ntries and tointer;governmenta" instit%tions

    6a'ita" base o) =08 =0 =10 =11 =12 =13 =14

    0

    10

    20

    30

    40

    50

    0

    >0

    80

    0

    100

    < Bi""ion

    6%m%"ative b%siness vo"%me o)

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    Where e invest

    3/18/1 3

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    '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

    0

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    8,000

    9,000

    10,000

    0

    50

    100

    150

    200

    250

    300

    350

    400

    450

     A! "re#orted rate$

    Number o% o#erations "&$

    s o e$t ves a$ evethro%gh#nan$ing the 'rivate se$tor

    3/18/1 4

     .ri'"e;* rated m%"ti"atera"deve"o'ment ban(

    !nvested near", 0

    share

    Note as at 31 De$ember 2014

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    EBRD is a maAor investor in BiH

    3/18/1 5

    EBRD engagement in BiHsince August 1996:

    EBRD signed 11 'roAe$ts

    ith $%m%"ative b%siness

    vo"%me o) ER 1> bi""ion

    • -obi"ised $o;#nan$ing o)

    ER 21 bi""ion

    In 2015:

    Wor(ing on a n%mber o)

    'roAe$ts tota"inga''ro+imate", ER 150

    mi""ion

    C"an to disb%rse $"ose to

    ER 100 mi""ion

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    EBRD Finan$ing o) Crivate e$tor

    EG%it,

    6ommon sto$( or 're)erred

    -inorit, 'osition on", %' to35

    -ezzanine

    9ther

    g%arantees

    $%rren$, sa's

    3/18/1

    7oans

    enior& s%bordinated& $onvertib"e

    7. %' to 10, or more or. revo"ving

    F"oating/ Fi+ed rates

    6hoi$e o) $%rren$ies

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    Company Information

    Est in 13 b, -r enad Dzambi$&Bingo is the most im'ortant "o$a"",;oned retai" $om'an, in the $o%ntr,&o'erating over 140 stores

    EBRD inance

    ER 5m senior "oan %nder 7EF ER

    50ths !!F )%nds to s%''ort thee+'ansion o) the regiona" netor( inBiH

    !n an;2012& the Ban( signed ER54m %nder WeBEDFF EEinvestments in a s%bsidiar, and

    !n *'r;2013 additiona" ER 1>m "oan

    e+'ansion o) the retai" netor( andb%i"ding EE $oo"ing $hambers

    !n %ne 2015& EBRD and Bingo signeda "oan o) %' to

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    Company Information 7eading medi%m size integrated

    '%"' and 'a'er 'rod%$er in theregion o) WB Rare e+am'"e o) as%$$ess)%" 'rivatization andsigni#$ant FD! in BiH@s

    9ned b, Kastamon% Entegre *ga$

    ana,i ve .i$aret 411 andHa,at Kim,a ana,i *nonimi ir(eti411

    EBRD inance

    !n 200 the Ban( 'rovided ER 11mto #nan$e 6*CEL !n 2011 the Ban('rovided additiona" ER 11m )or

    "ong term W/6 Both "oans are )%"",disb%rsed o%tstanding ER 8m

    ER m %nder WeBEDFF andER4m %nder 7EF )or the$onstr%$tion o) a biomass;#redboi"er > -e net )or sa"e to thenationa" grid as a G%a"i#ed RE

    generator

    6ase t%d, Natron Ha,at

    Febr%ar, 14 8

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    EBRD Finan$ing o) C%b"i$ e$tor

    !o"ereign # !o"ereign $uarantee% &oans: -a+ 15 ,ears in$"%de gra$eM margin 1

    !u'(so"ereign:

    7ending to& or %nder g%arantee )rom& Entit,& 6anton

    -%ni$i'a"it,

    6ommer$ia" terms 'ossib"e "onger mat%rit, than mar(et

    Corporate:

    nse$%red "oans to '%b"i$ $om'anies

    6ommer$ia" terms 'ossib"e "onger mat%rit, than mar(et

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    CroAe$t 6riteria )or EBRD!nvo"vement

     .he o'eration is "o$ated in o%r $o%ntries o) o'eration

    !nvestments have bene#$ia" ee$t on "o$a" e$onom,

    We are not O$roding o%tP 'rivate mone, *dditiona"it,

     .he CroAe$t ma(es e$onomi$ sense ; no Oso)t "oansP

    -ain shareho"der has s%bstantia" mone, at ris( be)ore EBRD

    ma"" size Q

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    6ase t%d, 6orridor $

    "#ossib(e (on)er maturit* t+an maret$

    2008

    7oan o) ER 180 m )or$onstr%$tion o) 'riorit,motora, se$tions o) .rans;E%ro'ean 6orridor $ thro%gh

    Bosnia and HerzegovinaCara""e" #nan$ing 'rovided b,E!B

    2013

    7oan in$rease o) ER 25mi""ion )or to s%b;se$tions o)the motora,

    2015

    Ne 'roAe$t %nder 're'arationin the amo%nt o) ER 0mi""ion )or to se$tionsCo$ite"A B%na and Seni$a

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    6ase t%d, BiAe"Aina Water and Wasteater CroAe$t

    12

    200>

    ER >m "oan to he"' #nan$e$onstr%$tion o) a aste aternetor( and re$onstr%$tion o)ater s%''", netor(

    2010

    *dditiona" ER 5m "oan )orthe $onstr%$tion o) aasteater treatment '"antand the e+'ansion o) theasteater $o""e$tion

    netor( Jrant $o;#nan$ing o)ER 105m )rom E and ida

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    osn a an erzegov nama"" B%siness Finan$ingCrod%$ts 1

    "#ossib(e (on)er maturit* t+an maret$

    !ustaina')e Energy inancing

    Reneab"e energ, and energ, eI$ien$, 'roAe$ts

    EBRD #nan$ing ER 2 to ER mi""ion re'resenting ma+

    >0 o) tota" 'roAe$t $osts

    Cotentia" 10 in$entive %'on 'roAe$t $om'"etion

    6ommer$ia" terms

    osn a an er ego na

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    osn a an erzegov nama"" B%siness Finan$ingCrod%$ts 2D ( Direct inancing aci)ity ( De't

    - -Es $om'anies

    - 6a'e+& in$"%ding a$G%isitions& e+'ansion& or(ing $a'ita"&

    ba"an$e sheet restr%$t%ring and re#nan$ing

    - .e$hni$a" 6oo'eration )%nds avai"ab"e )or 'roAe$t

    deve"o'ment& 're; and 'ost;investment te$hni$a" assistan$e

    - CroAe$ts %' to ER 100 mi""ion

    - !nvestment horizon 3 to 10 ,ears

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     *A+I

    Company Information

    Est in 2005 as a green#e"do'eration& the 6om'an, hasra'id", be$ame one o) the "eadersin 'astr, and )rozen )oods'rod%$tion in BiH

    EBRD inance

    enior "ong term "oan ER 1mER 100ths )rom !!F signed in2012 .he 'ro$eeds o) the "oanere %sed )or

    the e+'ansion o) areho%se$a'a$ities in$"%ding energ,eI$ien$, im'rovements

    te$hni$a" im'rovements on'rod%$tion "ines

    or(ing $a'ita" #nan$ing

     *-!/F Komer$

    Febr%ar, 14 15

    , -omercCompany Information

    Est in 18 as a sma"" 'rivate",oned trading $om'an, 6%rrent)o$%s is on 'ro'ert,management

    EBRD inance

    ER 4m !!F ER 12m e+isting"oan re#nan$e %nder 7EF a)ters%$$ess)%" eG%it, investment !RRo) 1 Cro$eeds ere %sed )orba"an$e sheet restr%$t%ring

    osn a an erzegov na

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    osn a an erzegov nama"" B%siness Finan$ingCrod%$ts 3D ( Direct inancing aci)ity ( .uasi e/uity an% e/uity

    - High groth -Es e+'ansion& restr%$t%ring or a$G%isitions o) e+isting 'rivate

    b%sinesses

    - EE ; a 'rivate eG%it, )%nd )o$%sing on 'roviding e+'ansion $a'ita" to high

    groth -Es

    - EI ; a vent%re $a'ita" )%nd )o$%sing on seed $a'ita" and ear", stage eG%it,investments in innovative -Es

    -  .arget ta(e )or e/uity in"estments 20 to 35 o) the $a'ita" o) the

    $om'an,M

    - .uasi e/uity in"estments tai"or made to s%it $om'an, needs $onvertib"e

    "oans& s%bordinated "oans et$

    -  .e$hni$a" 6oo'eration )%nds 'rovided b, the 'roAe$t 're'aration& 're; and 'ost;

    investment te$hni$a" assistan$e

    - CroAe$ts %' to ER 100 mi""ion

    - !nvestment horizon 3 to 10 ,ears

    osn a an erzegov na

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    osn a an erzegov nama"" B%siness Finan$ingCrod%$ts 4

    R! Ris !3aring aci)ity

    - Ban(s and "easing $om'anies& $om'anies in$or'orated in

    6o%ntries o) 9'erations& or in$or'orated o%tside& ith "o$a"

    'resen$e in these A%risdi$tions

    - For ris( management and $a'ita" re"ie) '%r'oses

    - ' to ER 100 mi""ion

    - !nvestment horizon %' to 10 ,ears

    osn a an erzegov na

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    osn a an erzegov nama"" B%siness Finan$ingCrod%$ts 5

    "#ossib(e (on)er maturit* t+an maret$

    I inancia) Interme%iaries rame4or 

    Ban(s& mi$ro$redit instit%tions& "easing $om'anies& )%nds

    6ommer$ia" terms

    ma""er size %' to ER 20 mi""ion

    7oan de$isions are made b, the Cartner Ban(s

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    Company Information

    Bo%ght b, -i(ro#n 776 in2010 as 'art o) 'ioneeringstrateg, to trans)orm )roman estab"ished NJ9& into a)%"" servi$e ban(

    9ned b, -i(ro#n 77623

    EBRD inance

    enior "oan in the amo%nt o)ER 4 mi""ion in$ ER500ths !!F )or on;"endingto mi$ro and sma""enter'rises -Es

    -F Ban(a

    Febr%ar, 14 1

     2012

    ignedin

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    ma"" B%siness %''ort B* TEJC

    B%i"d %' manageria" $a'a$it,& raise $or'orategovernan$e standards& s%''ort $om'anies in deve"o'ingand ada'ting strategiesM

    *ssist $om'anies to introd%$e/a$G%ire ne te$hno"ogiesand 'ro$esses to ens%re meeting ambitio%s groth

    '"ans

    *ssist $om'anies to introd%$e !nternationa" Finan$ia"Re'orting tandards and raise standards o) #nan$ia"management

    U7o$a" $ons%"tants ith 'roven tra$( re$ord in a"" areaso) advi$e )rom strateg, to mar(eting& )rom o'erationsto energ, eI$ien$, and more EBRD $ontrib%tion is50 o) the $ost

    UFor b%sinesses "oo(ing to $om'ete internationa"",& e

    'rovide o''ort%nities to or( ith an internationa"adviser ho brin s e+ erien$e ained in the same

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    EBRD ma"" B%siness %''ort Women in B%siness Crogramme

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     .he Re)orm *genda )or BiH

    Re)orm *genda has si+ s%bAe$t areas& ith a V7ead !F!@ )orea$h area

    1 C%b"i$ Finan$e and .a+ation I+ B

    2 7abo%r -ar(et I+B

    3  .he B%siness 6"imate and 6om'etitiveness EBRD IC

    4 R%"e o) 7a and Jood Jovernan$e E7

    5 o$ia" We")are and Cension Re)orm B

    C%b"i$ *dministration Re)orm E7

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     .he Re)orm *genda )or BiH

     .he Re)orm *genda is divided beteen a$tions that )a"" ithin

    the $om'etan$e o) the 6o%n$i" o) -inisters tate and those%nder the FB!H& and R ie there are 3 Re)orm *gendas

    !m'"ementation '"ans V*$tion C"ans@ have been deve"o'ed ithdetai"s o) "as to be dra)ted& ho is res'onsib"e& and b, hen

    !n the area o) B%siness 6"imate and 6om'etitiveness hereEBRD has the "ead the a$tions agreed in$"%de

    BIH:

    Restr%$t%ring 'rogramme )or mines and rai"a,s

    Crivatisation o) $om'anies ith a minorit, share o) the FB!H

    Jov

    R!:

    Crogramme )or restr%$t%ring "oss ma(ing '%b"i$ enter'rises and'rivatisation

    Restr%$t%ring 'rogramme )or R Rai"a,s

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    6onta$ts

    3/18/1 21

    For a"" )%rther enG%iries& '"ease$onta$t

    Ian Bro4nHead o) 9I$eEBRD Bosnia and Herzegovina

     .e" 38> 33 25> 00

    Emai" broniXebrd$om

    EBRD& 9ne E+$hange G%are7ondon& E62* 2Nnited Kingdomebrd$om