The EBRD Approves €10 Million Credit To Addiko Bank For SMEs

The European Bank for Reconstruction and Development (EBRD) has signed a new agreement with Addiko Bank on approving a credit line from the Trade Finance program for 10 million euros, representing a continuation of last year’s cooperation aimed at developing small and medium enterprises and support for large companies.

The EBRD emphasises that this agreement confirms the excellent cooperation with Addiko Group and Addiko Bank so far. Belgrade. “We are very pleased with the support of Addiko Bank to small and medium-sized enterprises, as well as export companies and we are pleased to support the Bank in the further development of the Serbian market with the help of Trade Finance program,” said Daniel Berg, EBRD General Manager for Serbia.

“The new line provides significant opportunities for local businesses in realising business plans and further business development, which is confirmed by the interest of small and medium enterprises (SMEs) in the previous credit cycle. We are proud that we have become a reliable partner in this joint venture with the European Bank for Reconstruction and Development, “said Vojislav Lazarević, Chairman of the Executive Board of Addiko Bank a.d. Belgrade.

The funds from the credit above the line are intended for short-term revolving loans from local companies from the SME segment, in support of increasing the scope of access to export and import trade.