IFC in Serbia
Creating Opportunity
Where It’s Needed Most
March,2011
Who We Are, What We Do
• IFC, a member of the World Bank Group, is the only global multilateral
institution focused exclusively on the private sector — the global
leader in private sector development finance
• IFC’s Purpose is to create opportunity for people
to escape poverty and improve their lives
• We are well positioned to help clients manage economic crisis and
downturn
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IFC’s Global Reach
More than 100 offices worldwide in 86 countries
•Tbilisi
•Almaty
•Mexico City
•Dakar
•Port-of-Spain
•Bogota
•Nairobi
•Sao Paulo
•Buenos Aires
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IFC’s Business
Investment Services
• Loans and intermediary services
• Equity and quasi-equity
• Syndications
• Structured and securitized products
• Risk management products
• Trade finance
• Subnational finance
• Treasury operations
Advisory Services
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Fiscal Year 2010 Highlights
• Investments: 528 new projects in 103 countries
• $18 billion in financing: $12.6 billion for IFC’s own
account,$5.4 billion mobilized
• $38.8 billion committed portfolio, representing
investments in 1,656 companies
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Investments by Region, FY10
•Commitments for IFC’s Account: $12.6 Billion
• Global 2%
• Middle East and North Africa 12%
• Sub-Saharan Africa 17%
• East Asia and Pacific 11%
• Latin America and the Caribbean
26%
• South Asia 12%
• Europe and Central Asia 20%
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Investments by Industry, FY10
•Commitments for IFC’s Account: $12.6 Billion
•
Private Equity and
Investment Funds 3%
• Oil, Gas, Mining
and Chemicals 7%
•Subnational
Finance 3%
• Agribusiness
7%
•Global Financial
Markets 45%
• Infrastructure
14%
• Health and Education
2%
• Global Manufacturing
and Services 14%
• Global Information
and Communication
Technologies 5%
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IFC in Serbia
• Since 2002, IFC invested over $500 million in Serbia to
support development of the financial sector, municipal
infrastructure, construction, retail and agribusiness sectors.
• IFC’s advisory services aim to improve the investment
climate, performance of private sector companies, access to
finance and to attract private sector participation in
development of infrastructure projects.
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Recent IFC Investments in Serbia
• Cacanska banka (FY11): EUR 8 million equity in the bank to expand its SME focus.
• Frikom (FY11): EUR25 million loan from IFC’s account and additional EUR15 million
parallel loan by Credit Agricole to provide working capital.
• Komercjalna banka (FY10): US$65.2 million equivalent preferred share investment in the
largest state owned bank to help capitalize the bank and maintain the momentum
towards privatization.
• Frikom (FY09): US$56.5 million equivalent loan to provide working capital and help
finance urgent capital expenditure investments
• Banca Intesa Serbia (FY08): US$21.0 million capital increase to support the company’s
growth in SME and mortgage financing.
• PCL Agri/SME (FY08): US$15.5 million senior term loan to ProCredit Leasing Serbia for
agribusiness companies and SMEs.
• EFSE (Regional – FY08): US$47.4 million equity to finance local financial institutions,
focusing on the credit needs of micro and small businesses and private households.
• Soravia (Regional – FY08): US$46.4 million equivalent equity and loan facility to finance
the development of commercial property in SEE, including Serbia.
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Recent IFC Investments in Serbia (continued)
• Porr (Regional – FY08): US$54.9 million equivalent loan facility to support landfill/waste
management and property projects throughout SEE (including Serbia). Two sub-projects
for municipal landfills in Serbia already identified (Jagodina & Leskovac).
• Bancroft (Regional – FY08): US$43.5 million in a private equity fund with a committed
capital size of €250 million which will make equity and equity-related investments in midsized companies in the industrial goods manufacturing, consumer goods,
telecommunications, and financial services sectors.
• ProCredit Bank Serbia (FY 07): US$19.1 million senior loan to provide financing to
individuals and micro and small enterprises to implement Energy Efficiency
improvements.
• Banca Intesa Serbia (FY06): US$126 million (US$51 million equity and US$75 million loan)
to strengthen its capital base and significantly increase its lending and financial service
activities particularly to SMEs, retail clients and residential mortgages.
• RBSM Housing (FY06): to support the development of housing finance operations of
Raiffeisen in Southern Europe, including in Serbia.
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Recent IFC Investments in Serbia (continued)
• Continental Banka (FY06): US$25 million to support diversification and growth strategy of
the Bank expanding its services in retail and SME lending.
• Mercator (FY06): US$24 million to strengthen the retail infrastructure.
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IFC Advisory Services in Serbia
• Corporate Advice: Corporate Governance, International
Standards and Technical Regulations
• Access to Finance: Sustainable Finance / Energy Efficiency
• Investment Climate: Regulatory Guilottine, Alternative
Dispute Resolution, Sub-national Competitiveness
• Infrastructure Advisory (including the Integrated Solid Waste
Management Program)
Our advisory programs in Serbia are supported by the
governments of: Austria, Canada, Italy, the Netherlands,
Norway, Slovenia, Spain, Switzerland and USA
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Thank you!
Magdalena Soljakova
Investment Officer
msoljakova@ifc.org
www.ifc.org
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