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.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.