Release date: 7 July 2020
Promoter – Financial Intermediary
ERSTE BANK AD NOVI SADLocation
Description
Financing to support Serbian small and medium-sized companies (SMEs) and midcaps affected by the COVID-19 crisis.
Objectives
Financing of small/medium projects as well as supporting working capital needs of SMEs and midcaps in Serbia, with particular focus on the sectors most affected by the current COVID-19 crisis. This operation is part of a wider crisis support programme for the Western Balkans countries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 21/10/2020
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).