€30 Million for SME Financing

“Ensuring favourable sources of financing for small and medium-sized enterprises through international credit lines is an additional confirmation of Banca Intesa’s strategic commitment to providing active contribution and incentive for the development of this segment of the domestic economy. Small and medium-sized businesses will be the key driver of Serbia’s economic recovery and the main vehicle of employment and export growth, which is why we need to offer them full support, especially in conditions of extended economic crisis and market changes which this sector is particularly susceptible to”, said Darko Popović, member of the Executive Board and head of the Corporate Division of Banca Intesa.

The new credit line by which the EBRD continues to support small and medium-sized enterprises (SMEs) in south-eastern Europe at a time when recovery from the crisis is still uncertain represents a continuation of cooperation with Banca Intesa in the field of loan financing of this sector. Including the new €30 million loan, EBRD has so far approved credit lines to the Bank in the total amount of €84 million euros.