The aim of this paper is to explain the role of financial reporting to the European Bank for Reconstruction
and Development (EBRD) after approval of syndicated loan for company “B”. The syndicated
loan is a loan between two or more banks in the role of lender, which is serviced to a single borrower
(or group of affiliated persons) who arranged an agreement between all the parties to the contract.
EBRD has approved syndicated loan to Company “B” in the amount of 68 million euros to finance
the modernization of production. The following banks have participated in syndication: EBRD (as
agent), Erste Netherlands, UniCredit Bank Serbia, EFG Eurobank Serbia and Societe Generale Bank
Serbia. EBRD as an agent of the loan require the submission of quarterly financial reports of the
company’s operations as well as the fulfillment of certain operating ratios: Liquidity ratio, Financial
Liabilities/EBITDA, Debt Service Coverage Ratio, Equity ratio.
D. Rajin, T. Radojević, “MODEL OF FINANCIAL REPORTING ACCORDING TO THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AFTER THE APPROVAL OF SYNDICATED LOAN,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 52-55. doi: 10.15308/finiz-2014-52-55
Rajin, D., Radojević, T. (2014). MODEL OF FINANCIAL REPORTING ACCORDING TO THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AFTER THE APPROVAL OF SYNDICATED LOAN. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-52-55