Sitemap

EBRD lends €160 million to UniCredit Bank Serbia

CorD Recommends

Serbia Charts the Course to Smart Cities with Kragujevac Leading the Way

In a significant development for urban planning...

Serbia, Slovenia, and Hungary Merge Power Exchanges in Energy Pact

In a significant move to streamline and...

Over Two Thousand Seek Employment in Serbia Through Open Balkan Scheme

Serbian President Aleksandar Vučić reported that, via...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate...

Novak Djokovic Wins Laureus Award for World’s Best Sportsman for Record Fifth Time

Novak Djokovic has won the Laureus award for the world's best sportsman for a record fifth time at a...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Galenika Strengthens Market Position with New Strategic Partnerships

Galenika has significantly expanded its presence in the pharmaceutical sector by securing an exclusive distribution agreement with Cantabria Labs,...

HDZ Claims Victory in Croatian Elections but Lacks Majority

The Croatian Democratic Union (HDZ), the country's ruling party, emerged as the winner in Wednesday's parliamentary elections. Despite their...

Milšped Group Launches Direct Rail Line Between China and Serbia

Milšped Group, a leader in regional transportation and logistics, has announced a new partnership with Shijiazhuang International Land Port...

• €100 million EBRD loan for on-lending to small businesses in Serbia
• EBRD loan includes €35 million local currency loan to boost local currency use
• Additional mortgage loan of €60 million to support first-time homeowners

The EBRD is extending a €160 million financial package to UniCredit Bank Serbia to address key challenges facing the local economy.

This facility, the largest between the two banks to date, includes:

• a €100 million loan for on-lending to small and medium-sized enterprises (SMEs) to improve access to finance for this vital sector of the economy and support investments to increase competitiveness in local and international markets.
• a €35 million credit line in Serbian dinars, included in €100 million loans, to boost the use of local currency to reduce the possible effect of exchange rate volatility and increase funding options for small borrowers.
• a €60 million mortgage loan for first-time homeowners, with 60 per cent of the total loan amount allocated for lending outside the Serbian capital, Belgrade.

Zsuzsanna Hargitai, EBRD Regional Head of the Western Balkans, said: “We are pleased to further our cooperation with our long-standing partner UniCredit Bank by offering to finance in foreign and local currency to Serbian businesses and extending mortgage loans to Serbian citizens. Not only will this agreement help companies to invest and improve their competitiveness, but it will also support many people in finding a new home.”

Feza Tan, CEO of UniCredit Bank Serbia, stated: “Continuing our successful cooperation with the EBRD, we are pleased that, once again, as a responsible financial institution and a reliable partner in Serbia, we are extending our support for the development of the Serbian economy and citizens. Recognising the importance of the SME sector, a key engine of economic growth and job creation, we are striving to find ways to offer products and services that can help them improve and expand their businesses.”



UniCredit Bank Serbia is a long-standing partner of the EBRD. It is one of the leading universal banks in Serbia, with 72 branches, 1,280 employees and over 400,000 customers.

The EBRD is a leading institutional investor in Serbia. The Bank has invested more than €5 billion across 250 projects in the country to date. The EBRD is supporting private-sector development and the transition towards a green economy, as well as investing in infrastructure to boost connectivity in the Western Balkans region.

Related Articles

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia and Bosnia and Herzegovina, announced...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park, with contracts signed at the...

New ENEF II Fund to Propel Growth in Western Balkans

The European Bank for Reconstruction and Development (EBRD) has announced the introduction of the Enterprise Expansion Fund II (ENEF II), aimed at fostering the...

Minister Jovanović Earns Reformer of the Year for Leading Serbia’s Digital Overhaul

Mihailo Jovanović, Serbia's Minister of Information and Telecommunications, has been named Reformer of the Year by the National Alliance for Local Economic Development (NALED),...

31st Kopaonik Business Forum Kicks Off Amid Global Uncertainties

The prestigious Kopaonik Business Forum, now in its 31st year, commenced on the Serbian ski resort of Kopaonik, with a spotlight on "The New...

EBRD Grants €17 Million Loan for New Pedestrian and Cycling Bridge in Belgrade

The European Bank for Reconstruction and Development (EBRD) has approved a €17 million loan to the City of Belgrade for the construction of a...

EBRD Star Venture Showcases 18 Regional Startups in Belgrade

Eighteen startups from the region showcased their ideas at the ICT Hub in Belgrade as part of the EBRD Star Venture program for startup...

Regenerative Agriculture: Key to Serbia’s Future and Response to Climate Change

The inaugural conference on regenerative agriculture has been held today in Belgrade, organized by FIC Serbia in collaboration with the EBRD. Despite the familiar...