UniCredit S p A: EIB and UniCredit sign agreements worth 100 Mn to support SMEs in Bosnia and Serbia
According to the development bank, the investment “contributes to strengthening the private sector, supporting employment, liquidity and the expansion of business operations”.
It brings to € 475 million the total amount of credit lines provided by the EIB to help SMEs recover from COVID-19 as part of Team Europe’s financial support for the Western Balkans.
The credit line is the fourth granted by the EIB to support Serbian companies as part of the Team Europe financial package for the recovery of COVID-19 in the Western Balkans.
“SMEs are the backbone of the economy and that is why we finance this area both in the form of grants but also through loans and credit guarantees. We are happy to work with the banking industry in this regard. All EU efforts to support innovative and technology-driven SMEs and other sectors in which these companies operate will ultimately serve to modernize
“We continue to be committed to providing continued support for the development of local businesses and economies through these initiatives to accelerate the recovery of COVID-19. This represents another concrete step to ensure continuity of cash flow, especially for SMEs, which represent one of the key pillars of the Western Balkan economies, enabling them to finance working capital and investment programs ” , commented
“The EIB continues to support the growth and development of
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