Sitemap

New EBRD €30 Million Credit Line To Procredit Bank In Serbia

CorD Recommends

IKEA Serbia Enters New Era with Leadership Change

IKEA Serbia has appointed Aleksandar Rajčević as...

CEBAC VIP Working Breakfast

Meeting of European diplomats and leaders of...

Sørensen’s Visit to Belgrade Highlights Need for Implementation of Dialogue Agreements

Peter Sørensen, the European Union’s Special Representative...

New Collection Arrives at Pepco – Get Ready for Spring and Summer!

The arrival of warm weather lifts spirits,...

Spain Demands Airbnb Remove Nearly 66,000 Illegal Tourist Rental Listings

The General Directorate for Consumer Protection in Spain considers them "illegal" under the law regulating the advertising of this...

UN Human Rights Commissioner Volker Turk Visits Belgrade

In a visit seen as a key moment for regional diplomacy and human rights engagement, UN High Commissioner for...

Brend Tuborg predstavlja novitet bez limita – Tuborg Zero

Brend Tuborg kompanije Carlsberg Srbija i ove godine donosi nešto novo ljubiteljima piva i dobrog osveženja – Tuborg Zero....

Rio Tinto’s Response to Claims Made by Academician Slobodan Vukosavić

Rio Tinto’s Response to Inaccurate Allegations Regarding the “Jadar” Project, Published in the Article Entitled “Irresponsible Mining Undermines Serbia-EU...

Romania’s New President

In an election marked by Romania’s highest voter turnout in 25 years, Nicușor Dan — a quiet, methodical mathematician...

The European Bank for Reconstruction and Development (EBRD) is boosting small and medium-sized businesses (SMEs) in Serbia with a €30 million loan to ProCredit Bank. 

The loan will improve the availability of funding for SMEs and support their post-pandemic recovery, along with investments in new equipment, facilities and operations. Around 20 per cent of the credit line will go to investments that can improve energy efficiency or investments in renewable energy.

SMEs account for the bulk of all enterprises registered in Serbia and are the engine of the country’s economic growth. Providing them with access to finance is more important than ever, in particular, to mitigate the economic impact of the coronavirus pandemic.

The ProCredit Group, headquartered in Frankfurt, is a development-oriented, international commercial bank, active in many of the economies where the EBRD invests. The EBRD has a long history of cooperation with ProCredit Bank in Serbia. In recent years, the bank has focused on providing funding to boost SME resilience and competitiveness and to private individuals to invest in energy efficiency.

Matteo Colangeli, EBRD Regional Director and Head of Serbia, said: “We are pleased to be working with ProCredit Bank once again to help small and medium-sized businesses in Serbia access the finance they need to grow and become more competitive. This is particularly needed following the slowdown induced by the pandemic and amid ongoing disruptions to global trade, and we hope this fresh financing will help many companies to recover from it and boost their business.”

Igor Anić, Chairman of the Executive Board of ProCredit Bank, said: “Our strategic partnership with the EBRD allows us to provide continuous, regular support to SMEs, a sector we have invested in for two decades now. This newest credit line gives our SME clients the opportunity to improve their operations and upgrade equipment, so that new machinery with energy-efficient technology can be installed.”

The EBRD is a leading institutional investor in Serbia and has invested more than €7.3 billion in the country to date. The Bank focuses on support for private-sector development, the improvement of public utility services and the overall transition to a green economy.

Photo: Procredit bank

Related Articles

EBRD Investments Surge to a Record €16.6 Billion in 2024

The European Bank for Reconstruction and Development (EBRD) reported a 26% increase in investments in 2024, reaching a record €16.6 billion. This growth was...

The Foreign Investors Council held its Regular Annual Assembly

The Foreign Investors Council (FIC) held the regular annual session of the Assembly, electing the new Board of Directors, adopting the Annual and Financial...

EBRD announces the appointment of Miljan Zdrale as Regional Head of Central Europe

The European Bank for Reconstruction and Development (EBRD) is pleased to announce the appointment of Miljan Zdrale as Regional Director for Central Europe covering Croatia, Czechia, Hungary, the Slovak...

Remon Zakaria, MFIC BoD member (EBRD Head of Montenegro)

Dedicated to Greening Montenegro

MFIC is focused on the green economy, which is evident in our creation of a working group tasked with proposing key sector reforms and...

Matteo Colangeli, EBRD Regional Director for the Western Balkans

 Scaling up EBRD investments in Serbia

Commitment to reforms, strong partnerships and growing presence on the ground key to position Serbia among top recipients of investment With new investments worth nearly...

The Foreign Investors Council and EBRD Hosted Conference On Financial Services

The Foreign Investors Council of Serbia, in cooperation with the European Bank for Reconstruction and Development (EBRD), organised the second conference on financial services:...

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...