Release date: 12 March 2021
Promoter – Financial Intermediary
BANCA INTESA AD BEOGRADLocation
Description
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.
Objectives
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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 40 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 - 29/06/2021
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).