FIF - Go Digital in WB - Addiko Bank Banja Luka
Project Overview:
This project involves providing a senior secured loan of up to €3 million to Addiko Bank Banja Luka (ABBL) as part of the FIF - Go Digital in the Western Balkans Programme.
Project Objectives:
The primary goals are to:
- Boost the private sector's innovation and competitiveness through targeted investments in SMEs, encouraging greater adoption of digitalisation and automation technologies.
- Support the transition to a green economy by promoting "GET technologies".
- Enhance SMEs' capacity and trade potential by improving their access to finance, enabling them to invest in EU standards.
- Promote equitable access to finance for women-led SMEs for automation and digitalisation projects, fostering business competitiveness and sustainability.
- Establish a Regional Training Academy to equip MSMEs with essential business skills, focusing on resilience, growth, and regional cooperation.
Transition Impact:
The ETI score is 65, indicating a positive environmental and social impact. The program strengthens competitiveness and green transition by:
- Facilitating SME competitiveness and investments aligned with EU Directives.
- Prioritising digitalisation in lagging countries.
- Investing in green technologies for a sustainable, lower-carbon green economy.
Client Information:
Addiko Bank a.d. Banja Luka (ABBL) operates as a universal bank in Republika Srpska, part of the international Addiko Bank AG group. Specialising in retail and SME services, ABBL has 28 branches and over 50 ATMs across Republika Srpska.
EBRD Finance Summary:
The EBRD provides a loan of €3,000,000.
Additionality:
Additionality is achieved through a combination of mid-term financing, technical assistance, and targeted investment incentives, supporting automation and digitalisation in SMEs in BiH.
A Gender SMART component promotes equitable access to finance for women-led SMEs, with specialised training to enhance digitalisation readiness and project appeal.
Environmental and Social Considerations:
ABBL is categorised as FI (ESP 2024) with an established Environmental and Social Management System (ESMS). The E&S risk is considered low to medium. ABBL complies with applicable Performance Requirements through its 2024 annual reporting.
The project aligns with the Paris Agreement, applying the EBRD's Paris alignment approach for indirectly financed investments. 60% of EBRD financing is classified as green finance.
Technical Cooperation and Grant Financing:
The programme receives grant funding from the European Union for:
- Technical Cooperation (TC) of €4,480,000
- Investment Incentive payments to sub-borrowers (Non-TC) of €22,500,000
Contact Information:
For inquiries, contact:
- Filip Dursun: filip.dursun@addiko.com, +387 51 336 624
- Website: https://www.addiko-rs.ba
- Address: Aleja Svetog Save 1378000 Banja Luka, Bosnia and Herzegovina
Access to Information and Accountability:
The EBRD provides access to information and an independent project accountability mechanism for addressing environmental, social, or public disclosure concerns.
