EBRD approves EUR 30mn loan for SMEs via Komercijalna Bank

The European Bank for Reconstruction and Development (EBRD) has approved a 3-year-EUR 30 million loan to Komercijalna Banks (bank), it has been announced.

Izvor: Beta

Tuesday, 15.03.2016.

16:53

EBRD approves EUR 30mn loan for SMEs via Komercijalna Bank

EBRD approves EUR 30mn loan for SMEs via Komercijalna Bank

The contract was signed in Belgrade on Tuesday by EBRD Vice President Philip Bennett and Komercijalna CEO Alexander Picker.

Bennett said on the occasion that SMEs are "one of the key drivers of the economy in Serbia" while "EBRD’s cooperation with Komercijalna Banka, a market leader in SME financing, will promote a healthy SME sector in the country.”

EBRD has so far invested EUR 4.2 in various sectors of the Serbian economy. EBRD is Komercijalna Banka's second largest owner with a 22.4 percent stake, while the Republic of Serbia holds 41.7 percent.

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