IFC in Serbia

March,2011

Creating Opportunity Where It’s Needed Most

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• 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

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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

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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

•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%

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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%

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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 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.

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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