Board Approval Date | Project | Project
Cost*
million USD | IFC
Financing*
million USD | Project
Description |
Jan-02 | VUB Swap** | 5.0 | 5.0 | An investment to enable VUB to obtain synthetic euro financing by swapping part of its Slovak Koruna denominated assets for euros. |
Apr-01 | Slovenska Konsolidacna** | 54.0 | 20.0 | Support of the government's non-performing loan (NPL) sale program through a special agency set up solely to manage and dispose of NPLs. |
Dec-00 | Vseobecna Uverova Banka (VUB) | 50.0 | 50.0 | Privatization of VUB, Slovakia’s second-largest state-owned bank. Both IFC and EBRD purchased a 12.5% stake in the bank on a pre-privatization basis. This equity investment is expected to facilitate the bank’s restructuring, with subsequent sale of the government’s majority stake to a strategic investor. |
| Scametatra Phase I
Scametatra Phase II | | | Phase I: Construction and operation of a molded plastic components plant.
Phase II: Expansion of existing plastic injection molding plant.
Scametatra is a joint venture between the Scame Group of Italy and Tatramat of Slovakia. |
Dec-98 | Eurotel Bratislava | 250.0 | 30.0 | Expansion of the capacity and geographic coverage of the GSM cellular network and upgrade of EuroTel’s billing and software systems.
EuroTel Bratislava is the country’s leader in telecommunications business, offering both mobile and managed data network services. Currently, Eurotel’s GSM and NMT mobile networks cover 98% of the country’s territory. |
Jul-98 | West Export-Import Company | 5.9 | 2.1 | Expansion of the facilities and product inventory of a pharmaceutical import and distribution company, leading to more efficient distribution of medical supplies at affordable prices. |
* Project cost and IFC financing refer to amounts approved by the IFC's Board.
** Projects approved by the IFC's Board of Directors but not signed.
