EBRD signs three credit lines with Banca Intesa, Intesa Leasing

The European Bank for Reconstruction and Development (EBRD) has signed three credit lines with Banca Intesa and Intesa Leasing worth a total of 60 million euros to be used for financing citizens and the real economy.

A 30 million euro credit line will be on-lent by Banca Intesa to citizens as favorable housing lending, while a 5 million euro credit line will be used to continue implementation of the Women in Business program of support for the development of female entrepreneurship as part of which the bank provides loans for financing working capital and investments to women-led SMEs. A credit line of 25 million euros will be used by Intesa Leasing to support SMEs in the purchase of commercial vehicles, equipment and investment property.

Not including the latest credit lines, Banca Intesa and Intesa Leasing have supported the Serbian economy and citizens with nearly 160 million euros in finance in cooperation with the EBRD so far.

Under the credit line for housing loans Banca Intesa will disburse lending insured with the National Mortgage Insurance Corporation (NKOSK) that comes with a repayment term of up to 15 years and an annual interest rate starting from 2.52 percent (EIR 3.29 percent), as well as loans with a repayment period of 15 to 30 years and an annual interest rate starting from 2.58 percent (EIR 3.12 percent).