Banca Intesa and EIB support small business
Banca Intesa supports Serbian small businesses with a €40 million loan signed with EIB
The European Investment Bank (EIB), the bank of the European Union, is providing €40 million to Banca Intesa Beograd (BIB) to support the faster recovery of Serbian small and medium enterprises (SMEs) from COVID-19. For the EIB, this is the fifth operation supporting the Serbian private sector’s recovery under the Team Europe COVID-19 response programme. Since the outbreak of the pandemic in 2020, the EIB has provided €180 million in new, more accessible credit lines in support of Serbian companies, helping them address liquidity issues, maintain operations, retain jobs and carry on with their investment plans during and after the pandemic.
With the EIB credit line signed today, BIB will be able to offer more funding with better terms and affordable conditions to the SMEs and mid-caps that have been the most affected by the current crisis. With this new funding opportunity, companies can address their working capital needs and manage investment constraints.