COSME – Loans for permanent working capital with EIF guarantee

Based on Agreement signed with European investment fund (EIF), on 08.12.2016., Banca Intesa introduced new type of loans for working capital - COSME.

The essence of the new product is that each loan will be covered by the EIF guarantee in the amount of 50% of the loan.

In this way clients will be allowed to withdraw loans for working capital for a period longer than usual and without hard collateral.

Loan caracteristics:

Eligible clients

-residents on the territory in which the Republic of Serbia has the full jurisdiction of the state and

-for which it can be obtained the report of Credit Bureau of the Association of Serbian Banks,

-who operate a minimum of 15 months

Client segment

Existing and new clients, MSMEs


30 - 36 months,

Grace period

3 – 6 months

Loan amount

10.000 - 150.000 EUR

Currency and exchange rate

EUR in dinar countervalue, median exchange rate


Working capital


Transfer to the account of the client or the supplier of good or services

Repayment modality

Monthly installments

Minimum collateral

8 promissory notes

Benefits from the support of the Eurpoean Union under the Loan Guarantee Faility established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020)