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EBRD backs Serbia’s agribusiness sector with €40 million sustainability-linked loan
Author: Jelena Pajic
- EBRD is providing a €40 million sustainability-linked loan to support capital expenditures of MK Group
- The financing will enable the construction of Serbia’s first industrial-scale bioethanol facility and winery investments, helping MK Group diversify its operations
- The project will allow MK Group to reduce CO2 emissions, improve cybersecurity and enhance digital infrastructure
The European Bank for Reconstruction and Development (EBRD) and MK Group, a valued long-standing client with whom the EBRD has been cooperating for almost 20 years, have signed a €40 million sustainability-linked loan at the EBRD Consumer Rules Summit in Montenegro, highlighting an important milestone in their cooperation and their mutual commitment to sustainable development.
The EBRD loan is the first sustainability-linked loan for MK Group and will help the company to diversify its operations by entering the ethanol production market, catering to the needs of the food and other industries, and expanding its winery business in Serbia. The loan structure, which entails sustainability objectives, underlines MK Group’s decarbonisation efforts.
The project will bring environmental and digital improvements, with the Group expecting to cut its greenhouse gas emissions by 30 per cent by 2032 and enhance its cybersecurity and digital infrastructure through targeted technical support from the EBRD – all aimed at boosting sustainability, resilience and competitiveness.
MK Group is one of the leading companies in Southeast Europe, operating in Serbia, Montenegro, Croatia, and Slovenia, with operations in food and agribusiness, tourism, real estate, and renewable energy industries.
The EBRD is a leading institutional investor in Serbia and has invested more than €10 billion through 390 projects, most of which have supported the private sector. In Serbia, the Bank’s priorities include enhancing private-sector competitiveness, productivity and access to finance.