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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Member News

10. December 2018.

Procredit Bank in Serbia Received EUR 75 MN for SMEs’ Loans from EIF

ProCredit Bank in Serbia announced on Friday that it had received guarantees for loans aimed at SMEs in the amount of EUR 75 mn from the European Investment Fund (EIF).

"For small and medium-sized enterprises, this primarily implies easier access to financing, with less demand for security, as well as lower interest rates compared to the standard loans from the bank’s offer," as said in the statement. ProCredit bank has previously given over EUR 160 mn of loans through the InnovFin and WBEDIF 2017 Guarantee Schemes. ProCredit Bank Serbia has so far given loans worth over EUR 5 bn, of which more than 88% consist of loans given to small and medium-sized enterprises, entrepreneurs and farmers.

Source: Executive Newsletter

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