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Favourable Credits for SMEs in Serbia
EIB Global and Banca Intesa Beograd to boost Serbian companies’ access to finance and green investments with a €100 million credit line. EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, and Banca Intesa Beograd, a member of the Intesa Sanpaolo international banking group, have signed a €100 million credit line aiming to enhance access to finance for small and medium enterprises (SMEs) and mid-caps in Serbia and support private sector-led green projects. Made available on favourable terms, including longer maturities, the funds will enable companies to address their liquidity and investment needs amid consecutive challenges, while increasing their capacity to generate jobs, scale up and decarbonise their businesses. Overall, this credit line will boost the resilience of the Serbian economy, increase its competitiveness and support employment.
Part of the credit line will be specifically dedicated to supporting green investments by Serbian companies, such as renewable energy and energy efficiency projects. By providing financing for investments that contribute to the reduction of greenhouse gases, the funds will bolster the green transition and climate-resilient growth. The EIB has been active in Serbia since 1977, providing finance to support key infrastructure projects as well as SMEs, industry, services and local authorities. Since the start of its activities in the country, it has enabled over €7.2 billion of investment in SMEs and the revitalisation of transportation, education, healthcare and utility infrastructure.
Source: EU Delegation to Serbia
Photo credits: EU Delegation to Serbia
