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EIB Apex credit line

Long-term loans with more favourable terms

Credit line of the European Investment Bank (EIB) with mediation by the National Bank of Serbia – EIB APEX credit line, signed with Banca Intesa a. d. Beograd on 1/ 9/ 2017.

EIB Apex credit line loans are approved at terms that are significantly more favourable than the standard terms on our market, for different purposes and for a long period. End-users will have financial affordability in a lower interest rate of a minimum of 50 base points (80 base points for projects supporting employment of young people) compared to the annual interest rate which Banca Intesa would calculate against such loan without participation from the EIB.

Beneficiaries of these assets can be  companies with a maximum of 3,000 employees.

Credit line characteristics

Credit line assets are intended for:

• purchase, reconstruction or expansion of fixed assets other than land,
• financing permanent working capital,
• intangible assets,
• development, planning and financial expenses during the construction period,
• costs of research and development,
• development of a distribution network in the country.

Credit line assets cannot be used for:

• purchase or construction of facilities for the purpose of selling or renting,
• purchase of other companies except in case of pure purchase of facilities or equipment,
• funding VAT as part of the investment except in case there is no return thereof. Otherwise, the subject of financing can be only the net amount of the investment,
• financing of forbidden activities in accordance with the Mediation Agreement, including trading companies.

Loan terms:

• Loan period: from 2 to 12 years
• Grace period: up to 2 years
• Maximum loan amount: EUR 12,500,000
 Interest rate:

– variable comprised of EURIBOR + EIB margin + up to 1.75% margin for mediation banks + 0.175% of fee for NBS for projects supporting employment of young people, i.e. EURIBOR + EIB margin + up to 2.5% margin for mediation banks + 0.25% of fee for NBS for other projects.

– fixed comprised of EIB interest containing the EIB margin + up to 1.75% margin for mediation banks + 0.175% of fee for NBS for projects supporting employment of young people, i.e. EIB interest containing the EIB margin + up to 2.5% margin for mediation banks + 0.25% of fee for NBS for other projects.

 

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