EBRD grants RSD 2.9 billion loan to Eurobank Serbia
Banking
The European Bank for Reconstruction and Development is supporting the post-pandemic recovery of the Serbian economy by securing finance for small and medium-sized enterprises (SMEs), in cooperation with local partner banks, the EBRD said in a statement on Tuesday. .
The bank grants a loan of RSD 2.9 billion in local currency (24.7 million euros) to Eurobank Serbia for on-lending to local SMEs.
The line of credit will help expand lending to private businesses through working capital lines and investment loans to SMEs, including those operating in economically less developed regions of the country, the statement said.
In addition, the line of credit will enhance access to local currency loans for SMEs in Serbia, a country where euro loans represent over 60% of the banking sector’s loan portfolio.
SUPPORT BUDAPEST BUSINESS JOURNAL
Producing worthy journalism is an expensive endeavor. For 27 years, the editors, editors and journalists of the Budapest Business Journal have strived to bring you business news that works – information that is reliable, factual, accurate and presented without fear or favor.
News organizations around the world have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support BBJ button and you can choose how much and how often you send us your contributions.
