European
Bank for Reconstruction and Development (EBRD) has approved the loan in amount
of 10m EUR to "Raiffeisen Leasing" in Serbia, which was
founded by Belgrade-based "Raiffeisen banka" and Austrian bank "Raiffeisen
Leasing International GmbH", for financing of expansion
and growth of small and mid-sized enterprises in all regions of Serbia.
The
funds from the loan will be used as aid for Serbian companies in procurement of
equipment, including industrial equipment and light commercial vehicles, for
the sake of improvement of their operations.
This loan represents an addition to the initial credit line of 10m EUR, which was approved to "Raiffeisen Leasing" in June 2006 by the Institution of EBRD
for financing SME in western Balkans. This institution was formed to provide support to the enterprises in Albania,
Bosnia and Herzegovina, Macedonia, Montenegro and Serbia.
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