Sitemap

Banca Intesa And Intesa Leasing Sign New Credit Lines With EIB

More...

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in...

News

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that a six-member medical team has arrived in Serbia: two anesthesiologists, one emergency...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

Banca Intesa and the European Investment Bank (EIB) have signed a contract for the first tranche of a 30 million credit line, which will be distributed by Banca Intesa to SMEs in the form of long-term loans under more favourable conditions than those available on the market.

This is the first tranche of a credit line totalling 60 million approved by the EIB to Banca Intesa to support small and medium-sized enterprises.

“Small and medium enterprises are one of the key levers of long-term sustainable growth of the national economy”, says Draginja Đurić, President of the Executive Board of Banca Intesa, “which is why stimulating their development is a very important part of the overall support provided by Banca Intesa to the real sector. The latest credit line that we have provided in cooperation with EIB will allow us to give this segment of the economy additional incentives on the road to further economic recovery through very favourable sources of financing in the long run.”

Banca Intesa will grant loans from the EIB credit line with a repayment period of 2 to 12 years and a grace period of up to two years. The loans can be used to finance durable working assets; purchase, reconstruction or extension of fixed assets except for land; intangible investments; development, planning and financial costs during construction; research and development costs, and development of distribution networks in the country and abroad.

This is the fourth credit line that Banca Intesa has signed with EIB since 2006, and thanks to the cooperation of the two institutions so far, Banca Intesa has approved loans to the domestic economy to a total value of  100 million.

The company Intesa Leasing, which together with Banca Intesa operates as part of the international banking group Intesa Sanpaolo, also signed a contract for a 20 million credit line with EIB. These funds are intended for small and medium enterprises and can be used to finance commercial and passenger vehicles, equipment and property for their own business needs, and can be approved with a repayment period of two to seven years.

Through two previous credit lines realised with EIB Intesa Leasing has supported businesses with 10 million.

Related Articles

EIB Provides €30 Million To UniCredit Bank Serbia For Serbian SMEs

• The first impact finance loan for Serbian SMEs • This highly innovative EIB operation aims to support employment, sustainable and inclusive development and economic...

Gabriele Pace, Deputy President of the Banca Intesa Executive Board

Banks Well-positioned to Withstand Pandemic Impact

As the biggest bank in Serbia, part of the Intesa Sanpaolo international banking group and a systemically important institution in the domestic financial industry,...

EU announced over €3.3 billion of support for the Western Balkans

EU reinforces support for the Western Balkans to address COVID-19 crisis and outlines proposal for post-pandemic recovery   The European Commission announced over €3.3 billion of...

EIB Group contributes € 5.2 billion to EU response to COVID-19 outside the EU

The European Investment Bank Group, the bank of the European Union, today announced details of a comprehensive response to the coronavirus pandemic outside the...

EUR 50 million from EIB to Crédit Agricole Srbija to support local companies and projects

• First EUR 30m tranche of an approved EUR 50m credit line signed today; • Credit Agricole Srbija aims to finance manufacturing and agricultural businesses...

EIB helps to improve sanitation and sewerage systems in Belgrade

• The EIB has signed a EUR 35m loan to finance the sewerage system of the City of Belgrade, improving living conditions for 170...

EBRD and EU boost competitiveness of Serbian firms

EBRD issues loans and grant financing to help Serbian businesses compete in European single market • EBRD and EU support Serbian businesses to achieve EU...

NALED Traditional September Gathering

NALED bid farewell to the summer and launched the new season of reforms with the traditional September Gathering held at the White Palace. The reception...