The European Bank for Reconstruction and Development (EBRD) is supporting the growth of PIP doo, a leading tortilla producer in Serbia, through a risk-sharing agreement with Banca Intesa Beograd. This is the first project signing under the Risk Sharing Facility in Serbia.

Banca Intesa is providing a €9 million loan to PIP doo to upgrade its facilities and purchase new equipment to increase production. As part of the agreement, the EBRD is participating through the unfunded risk sharing 50 percent on the transaction.

In addition, PIP doo will receive a €50,000 grant approved by the EBRD as an environmental, social, and governance (ESG) incentive payment to advance its gender equality initiatives.

The agreement marks the continuation of a strong partnership with Banca Intesa and emphasises a joint commitment to supporting Serbian companies’ sustainable development.