Member's Documents
Crisis response to banks in south-eastern Europe
Published by: Independent Evaluation Department, European Bank for Reconstruction and Development
This study is an evaluation of the EBRD's crisis response to subsidiary banks in south-eastern Europe. The project consisted of transactions to support bank stability and place capital in the real economy. The Board approved these projects under the umbrella of regional funding packages to four parent bank groups. Each loan was committed in 50% tranches with only the first tranche disbursed. All loans have been repaid and completed. At the time of project origination, each of these bank groups was an existing EBRD client.
The selected bank subsidiaries were considered systemically important banks in their local markets and core assets of the parent groups. Therefore, the role of the EBRD's support was to send a strong confidence signal in the local markets and help maintain the stability of the financial systems in the respective countries.
