ifc in serbia march,2011 creating opportunity where it’s needed most
TRANSCRIPT
IFC in Serbia
March,2011
Creating Opportunity Where It’s Needed Most
2
• 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 peopleto escape poverty and improve their lives
• We are well positioned to help clients manage economic crisis and downturn
Who We Are, What We Do
3
IFC’s Global Reach
•Port-of-Spain
•Bogota
•Buenos Aires
•Sao Paulo
•Mexico City
•Dakar
•Nairobi
•Tbilisi•Almaty
More than 100 offices worldwide in 86 countries
4
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
5
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
6
Investments by Region, FY10
•Sub-Saharan Africa 17%
•Commitments for IFC’s Account: $12.6 Billion
•Europe and Central Asia 20%
•Latin America and the Caribbean 26%
•Middle East and North Africa 12%
•Global 2%
•East Asia and Pacific 11%
•South Asia 12%
7
Investments by Industry, FY10
•Global FinancialMarkets 45%
•Commitments for IFC’s Account: $12.6 Billion
•Global Information and Communication Technologies 5%
•Global Manufacturing and Services 14%
•Infrastructure 14%
•SubnationalFinance 3%
•Health and Education 2%
• Oil, Gas, Miningand Chemicals 7%
• Private Equity and Investment Funds 3% •Agribusiness
7%
8
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.
9
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.
10
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 mid-sized 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.
11
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.
12
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