EBRD and Banca Intesa signed credit line worth €20 million

A loan of up to €20 million by the European Bank for Reconstruction and Development (EBRD) to Banca Intesa Beograd will help businesses and municipalities in Serbia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of corporates, small businesses and municipalities that are experiencing a decrease in their activities and turnover due to the spread of the virus.

Draginja Đurić, the CEO of Banca Intesa Beograd, commented: „By providing a new credit line in the amount of 20 million euros, we continue to cooperate with the EBRD, our long-term partner in providing support to the economy. We are very pleased to be able to help companies through this credit line to more easily overcome the negative consequences left on their business by the coronavirus pandemic, and thus contribute to the economic recovery of the entire economy. As a reliable partner, Banca Intesa has so far made over EUR 288 million available to citizens and businesses in Serbia through credit line agreements with the European Bank for Reconstruction and Development.“