• No Suggestion

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.

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).

As part of the Women in Business program, Banca Intesa provides loans with a fixed annual interest rate of 5.5 percent (EIR 6.84 percent) and a ceiling of 500,000 euros. Working capital loans have a repayment term of up to 36 months and a 6-month grace period included in the repayment term, while investment loans are repayable over 37 to 60 months and have a grace period of up to 12 months that is included in the repayment term. No hard collateral is required for loans with a repayment period of up to 36 months and for investment lending up to 25,000 euros.

 

Banca Intesa uses cookies to enhance your browsing experience and displaying personalized content.
For more information, click on Cookie Settings. (PRIVACY POLICY)