EBRD Investment Helps Serbian Bank Expand SME Lending

Serbia’s Banca Intesa Beograd will be able to expand its lending to small and medium-sized enterprises with the help of fresh financing from the European Bank for Reconstruction and Development. EBRD approved a credit line worth 30 million euros (USD39.9 million) to help Banca Intesa offer financial assistance to Serbian private businesses. This credit line is part of an assistance package of 100 million euros allotted by EBRD for three subsidiaries of the Intesa Sanpaolo Group financing firm.