1 / 10

Donatas Savickas Deputy CEO

Donatas Savickas Deputy CEO. Conference on JEREMIE and JESSICA: Towards successful implementation 30th November 2010. Mažeikiai. Bir žai. Šiauliai. Palanga. Kuršėnai. Telšiai. Plungė. Radviliškis. Klaipėda. Visaginas. Panevėžys. Kelmė. Anykščiai. Utena. Šilutė. Kėdainiai.

longp
Download Presentation

Donatas Savickas Deputy CEO

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Donatas Savickas Deputy CEO Conference on JEREMIE and JESSICA: Towards successful implementation 30th November 2010

  2. Mažeikiai Biržai Šiauliai Palanga Kuršėnai Telšiai Plungė Radviliškis Klaipėda Visaginas Panevėžys Kelmė Anykščiai Utena Šilutė Kėdainiai Ukmergė Tauragė Jonava Kaunas Vilnius Marijampolė Alytus Druskininkai Šiaulių bankas at a glance Network Key facts • The Bank was established in 1992; • Assets - EUR 660 million; the sixth largest bank in Lithuania; • The main shareholder – EBRD, owns 22.44 per cent; • Shares listed on the NASDAQ OMX Vilnius; • 77 per cent of the authorized capital – residents; • Loans to SMEs – 63 per cent of total loan portfolio; • 51 outlet operating in 31 town; • Customers’ segments • Small and medium sized businesses; • Regional municipalities; • Private individuals, related to SMEs; 2

  3. Overview of new Financial Instruments EIF and JEREMIE EIB and JESSICA 3

  4. Our Experiences of the Selection Process • Process is very thorough and very detailed; • Executed very professionally; • We would summarise it as “Tough but Fair”; • Successfully completing the process allows Šiauliųbankas to: • Continue to pursue our strategy and focus; • Expand our business volumes even during difficult times; • Add more value to our customers; 4

  5. Cooperation with governmental and multinational institutions • The Bank - active participant in the Economy Stimulation Plan (ESP) approved by the Government of the Republic of Lithuaniain February 2009. The ESP consists of 5 parts and includes JEREMIE and JESSICA as well. • expansion of business funding opportunities; • extension of energy efficiency of buildings; • accelerated Use of the EU Structural assistance; • improvementof business environment; • promotion of export and investment; • 30 per cent of governmental funds assigned to the expansion of business funding opportunities in Lithuaniahas been provided viaŠiaulių bankas; • Funding nearly EUR 100 million has been granted to the Bank during the long lasting cooperation with the multinational institutions for financing various projects in Lithuania; 5

  6. Implementation of Funded Risk Sharing Product Stimulating demand The dynamics of comitted funds to SMEs • 17 seminars to more than 400 SMEscollaborating with the local business centers, governmental institutions, EIF and regional municipalities; • Internal workshops to all loan officers and managers of the branches; • Advertising in the regional press and informative broadcasts; • “Success fee” system applied to all Bank’s branches to intensify the lending to SMEs; • 48 units of loans have been issued to SMEs from JEREMIE funds as of 1 November; 6

  7. Real Example of SME Loan Thebenefit of FRSP to the company and to the development of economy: • 52 working places will be created; • the innovative activities of SMEs will be increased and it will improve the innovative environment in Lithuania; • the intensity of R&D activity in the private sector will be expanded; 7

  8. Real Example of SME Loan • With the FRSP support the company expects to: • Develop its activities by providing services to both local and surrounding communities; • Create at least 4 new workplaces; • Contribute to the development of SME business in rural areas; 8

  9. Benefits & Lessons learned • Provided the Bank with more funding to expand our business whilst staying consistent with our strategy; Benefits • Enabled us to build our brand awareness both within Lithuania and beyond; • It has also been a learning process for us as we gain greater experience of working with International Institutions; Issues • Unclear definitions of “working capital connected to the expansion of businesses” as well as the “enterprises in difficulties” complicate the financing to SMEs; • The limited forms of crediting (especially the exclusion of credit lines) decreases the added value to SMEs in need of financing; Conclusions • FRSP brings direct benefits to our customers which remains the most important reason of all; • Šiauliu Bankas would seek to participate in similar initiatives in the future. 9

  10. THANK YOU! www.sb.lt

More Related