Release date: 3 September 2020
Promoter – Financial Intermediary
PROCREDIT BANK AD BEOGRAD,PROCREDIT BANK AD SKOPJE,PROCREDIT BANK DD,PROCREDIT BANK SHALocation
Description
Dedicated EIB loan in support of small and medium-sized enterprises (SMEs) and mid-caps in Serbia, Albania, North Macedonia and Bosnia and Herzegovina. As part of the overall response to COVID-19, the operation will support financial intermediaries with temporary emergency measures to facilitate the provision of liquidity to SMEs and mid-caps and thereby contribute to mitigating the impact of the economic shock in the relevant countries.
Objectives
Financing of small/medium projects as well as supporting working capital needs of SMEs and mid-caps in Serbia, North Macedonia, Albania and Bosnia and Herzegovina with particular focus on the sectors most affected by the current COVID-19 pandemic. This operation is part of a wider crisis support programme for the countries of the Western Balkans.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 65 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 - 16/12/2020
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).