EBRD in Bosnia and Herzegovina
Transcript of EBRD in Bosnia and Herzegovina
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EBRD in Bosnia andHerzegovinaNovember 2015
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What is the EBRD?
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!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
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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
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.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
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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
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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
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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