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1
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EBRD Activities in Serbia
Dragica Pilipovic-Chaffey12th December 2006
2
Support to Serbia

• Financing approved in 2006 - 273M
• Komercijalna Banka equity 70M
• Sava River Crossing 49.6M
• HVB Bank Second Mortgage Loan 10M
• Somboled 10M
• Raiffeisenbank Leasing (SME Framework) 10M
• Serbian Railways - Rollingstock 60M
• Metals Banka (SME Framework) 7M
• Mladost Sid 10M
• Cacanska banka equity 15M
• GTC Residential 8.2M
• Raiffeisenbank Kosovo J.S.C. 10 M
• To be approved in 2006
• Soko Stark 10M
• HVB Bank Third Mortgage Loan 10M

3
Commitments by sector for Serbia
Cumulative commitments 1,070 M
Financial Institutions 24
General Industry 6
Transport 28
Property Tourism 5
Agribusiness 9
Telecoms 1
Power, Energy Natural Resources 15
MEI 12
4
Cumulative commitments in Western Balkans
Cumulative commitments 5.3 billion
Euro million
5
Transition challenges

• The privatisation programme needs to be completed
• New laws must be implemented effectively
• A more commercial approach is needed in the
  provision of infrastructure services
• Non-bank financial institutions need to be
  developed

6
EBRD priorities in Serbia

• Draft Country Strategy on EBRD web site for
  comments
• Financing for privatisation and
  post-privatisation restructuring
• Italy/EBRD Western Balkans Local Enterprise
  Facility
• Top prioritized infrastructure projects by the
  Government and the EU
• Infrastructure reforms introduction of PPPs
• Banking development of new products
• Increased financing in non-banking financial
  institutions (insurance, leasing, pension funds,
  mutual investment funds)

www.ebrd.com