European Investment Bank’s loan intended for small and medium-sized enterprises, infrastructure and industry

On April 4th Banca Intesa a.d. Beograd and the European Investment Bank (EIB) signed a Finance Contract in Belgrade on approving an investment loan in the amount up to 40.000.000,00 euro. These funds will be used by Banca Intesa to provide long-term financing for small and medium-sized enterprises, local authorities and activities of leasing companies in the field of energy sources, infrastructure, health, education, environment, industry and services. Banca Intesa Beograd expects that by providing long-term investment funds that will be placed on the most favorable conditions at the market, with low interest rates and a tenor up to 15 years, it will contribute to the opening of new workplaces and the finalization of infrastructure projects which remained unfinished due to the lack of funds, and that it will herewith positively influence the social and economic development of the business environment in the country. The EIB funds will finance 50% of the individual investment projects, while the other 50% will be financed from the funds of Banca Intesa Beograd.The European Investment Bank was founded in 1958 with the goal to finance and credit capital investment in Europe, especially the regional development, expansion of the Trans-European transportation network, telecommunications and energy, research, development and innovation, environmental improvement and protection, health and education.The signing of this contract emphasizes EIB’s interest to invest in the development of the economic and social sector and the labor market in our country. The engagement of Banca Intesa in such an initiative and a partnership with important supranational institutions will be the successful continuation of the implementation of the Intesa banking group policy which, besides taking the leading position on the market, includes also the creation and realization of projects having social and national responsibility and importance.EIB’s Vice-president Gerlando Genuardi, the representative of Banca Intesa from Milan Antonietta Guidali, and the CEO of Banca Intesa Beograd Draginja Djurić spoke at the press conference, which was also attended by the Italian ambassador Alessandro Merola.