In accordance with UniCredit business strategy which includes supporting the local economy development, UniCredit Bank, also this year, entered the Program of support to small enterprises for the purchase of equipment, which is being implemented in cooperation with the Ministry of Economy of the Republic of Serbia and Development Agency of Serbia.
Within this Program, favorable financing conditions in dinars and euros are provided for entrepreneurs and cooperatives, small and micro enterprises.
Client’s minimum down payment is 5% of the purchase net value, while the Ministry approves grants in the amount from RSD 250,000 to RSD 2,500,000, which makes 25% of the net value of the equipment or machine. For the remaining 70% of the net value, UniCredit Bank has prepared financial conditions for repayment periods from 18 to 60 months. When it comes to repayment period of 18 months, variable nominal interest rate is formed as the sum of 1M BELIBOR and margin of 0.5% and currently amounts 3.62% per annum. In addition, customers can opt for a fixed interest rate for financing in dinars, where the nominal interest rate per annum amounts 5.20%. For financing in euros and repayment period of 18 months, fixed nominal interest rate amounts 2.50% p.a. In addition, the bank is also providing clients with a grace period of 6 months.
Enrico Verdoscia, member of Management Board of UniCredit Bank in charge of Corporate and Investment Banking, in regards to participation in the program, stated: “I am very pleased that our bank, through its participation in this and similar Government programs, is confirming year after year its strong commitment to support the economic development of micro and small enterprises in Serbia. Through this program we will provide financial support to segments which have been identified to have substantial potential for growth. By financing entrepreneurs and cooperatives, small and micro enterprises we want to contribute to further improve their production efficiency, internationalization of their business and creation of new jobs.”