IMPORTANCE OF COMMERCIAL BANKS IN FINANCING PUBLIC-PRIVATE PARTNERSHIPS: STRATEGIC AND ORGANIZATIONAL POSITION OF A BANK

Original scientific paper
Autor: Sladjana Sredojević PhD

Summary: The overall projects financed through the concept of public-private partnership have a considerable presence at the international financial markets. Given that public-private partnerships (PPPs) are realized by means of project finance, the role of commercial banks at the international project finance market is huge and indispensible. At the project finance market, i.e. the market of public-private partnerships, the banks are active by providing financial advisory services (advisors, leading arrangers), by providing direct loans or by administering the financial funds of the project (loans, bonds). A bank may conduct all the above mentioned groups of operations, or it may specialize only in some of these operations at the PPP market. This paper aims to analyze the strategic positions and organizational aspects that are available to banks as options when it comes to the extent of their involvement in the financing of public-private partnerships. Also, the paper will present an analysis of the contribution of the largest banks at the global PPP market today.

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