MODEL OF FINANCIAL REPORTING ACCORDING TO THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT AFTER THE APPROVAL OF SYNDICATED LOAN
Abstract:
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.
CITATION:
IEEE format
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
APA format
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
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