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BIB COVID19 RESPONSE SMES & MIDCAPS LOAN

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Serbia : € 40,000,000
Credit lines : € 40,000,000
Signature date(s)
29/06/2021 : € 40,000,000

Summary sheet

Release date
12 March 2021
Status
Reference
Signed | 29/06/2021
20210099
Project name
Promoter - financial intermediary
BIB COVID19 RESPONSE SMES & MIDCAPS LOAN
BANCA INTESA AD BEOGRAD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 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 COVID-19 pandemic, the operation will support Banca Intesa Beograd to finance liquidity needs and 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, with particular focus on the sectors most affected by the COVID-19 crisis. This 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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Alternatively, the EIB can be contacted through its external offices.
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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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