ERSTE Bank
-
Approval date
20 March 2020
-
Borrower
Erste Bank A.D. Novi Sad
- Country
-
Loan size
€ 30 000 000
-
Line of action
Inclusive growth
-
Status
In progress
This € 30 million Programme loan will part-finance investments undertaken by MSMEs located throughout Serbia. Eligible investments will include fixed assets acquisition and construction or extension of business premises, as well as working capital.
Final beneficiaries will be eligible MSMEs, who will benefit from an increased and more favorable access to medium to long-term flexible financing opportunities, enabling them to further create and preserve jobs, promote their development and reinforce their export activities. Job seekers will also benefit from additional employment opportunities throughout the country.