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.
Recognizing 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.”
Original source: EBRD
Published on 10 April 2019