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UCBS COVID-19 RESPONSE SMES & MIDCAPS LOAN

Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Serbia : € 50,000,000
Credit lines : € 50,000,000
Signature date(s)
28/06/2021 : € 50,000,000

Summary sheet

Release date
16 March 2021
Status
Reference
Signed | 28/06/2021
20200625
Project name
Promoter - financial intermediary
UCBS COVID-19 RESPONSE SMES & MIDCAPS LOAN
UNICREDIT BANK SRBIJA AD BEOGRAD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
not applicable
Location
Sector(s)
Description
Objectives

Dedicated EIB loan in support of small and medium-sized enterprises (SMEs) and mid-caps in Serbia. As part of the overall response to the COVID-19 pandemic, the operation will support UniCredit Bank Serbia to finance liquidity needs and other eligible investments promoted by Serbian SMEs and mid-caps affected by the COVID-19 crisis

Financing of small and medium-sized projects as well as supporting working capital needs of SMEs and mid-caps in Serbia affected by the COVID-19 crisis. The operation is part of a wider crisis response programme for the Western Balkan countries.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Related projects
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

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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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