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

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

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

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

Investments by Region, FY10 Commitments for IFC’s Account: $12.6 Billion Global 2% Sub-Saharan Africa 17% Middle East and North Africa 12% East Asia and Pacific 11% Latin America and the Caribbean 26% South Asia 12% Europe and Central Asia 20%

Investments by Industry, FY10 Commitments for IFC’s Account: $12.6 Billion Private Equity and Investment Funds 3% Subnational Finance 3% Oil, Gas, Mining and Chemicals 7% Agribusiness 7% Infrastructure 14% Global Financial Markets 45% Health and Education 2% Global Information and Communication Technologies 5% Global Manufacturing and Services 14%

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.

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.

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.

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.

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

Thank you! Magdalena Soljakova Investment Officer msoljakova@ifc.org www.ifc.org