EBRD lends €20 million to Eurobank in Serbia to support SMEs

By Bojana Vlajcic

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Amaretti Pasticceria Italiana, Belgrade

  • More inclusive regional approach to SME financing
  • New loan will improve access to finance for SMEs outside Belgrade region
  • SMEs can apply for up to €2 million   

Small businesses in Serbia will benefit from access to a new credit line offered by Eurobank thanks to a €20 million loan provided by the EBRD to the local lender.

The EBRD funds will be on-lent to support investments by small and medium-sized enterprises (SMEs) in working capital and in fixed assets with the aim of increasing their growth and development on local and international markets.

Recognising the importance of inclusive economic growth in all of Serbia, Slavica Pavlović, Eurobank Executive Board President, said: “The credit line will enable a more even distribution across Serbia’s regions by directly allocating finance to areas outside Belgrade with a view of supporting the growth and development of SMEs in the entire country.”

Henry Russell, EBRD Director for Financial Institutions in Western Balkans, Belarus, Moldova and Ukraine, said: “We are delighted to expand access to finance for Serbian SMEs with this new credit line to Eurobank. Eurobank has been our long-standing partner and a member of the EBRD’s Trade Facilitation Programme since 2011 and we are pleased to strengthen our cooperation.”

Eurobank a.d. is part of Eurobank Group, a banking organisation active in six countries with €58 billion in total assets and more than 13,000 employees. As a strong supporter of SMEs, in the last four years alone the bank invested more than €650 million in Serbia’s small business sector.

The EBRD is a leading institutional investor in Serbia. The Bank has invested more than €5 billion across 230 projects in the country to date. The Bank is supporting private sector development and the transformation towards a green economy, and investing in infrastructure to boost connectivity in the Western Balkans region.

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