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EFG BANK AND LEASING LOAN FOR SMES

Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Serbia : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
12/06/2009 : € 10,000,000
12/06/2009 : € 40,000,000
Link to source

Summary sheet

Release date
4 February 2009
Status
Reference
Signed | 12/06/2009
20090005
Project name
Promoter - financial intermediary
EFG Bank and Leasing Loan for SMEs

Eurobank EFG a.d. Beograd
and
EFG Leasing a.d. Beograd

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Credit line for SME projects, infrastructure projects promoted by local authorities and any size industrial investments in fields of the knowledge economy, energy, environmental protection, health and education.

Make available access to long-term funds at affordable interest rates to sectors of economy with least availability of financing – small and medium size enterprise and local authorities.

Environmental aspects
Procurement

The financial intermediaries will be requested to ensure compliance of sub-projects with EU directives.

The final intermediaries will be requested to ensure compliance of sub-projects with relevant national and EU environmental laws, as appropriate.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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