EBRD increases credit line to Eurobank to EUR 50 million

Eurobank reported today that the European Bank for Reconstruction and Development had increased the credit line for stimulating trade in Serbia from EUR 20 million to EUR 50 million.

The increase of financial support and the credit limit is a result of the trust of this reputable financial institution towards Eurobank and good business results made within this program, the report states.

The credit is a part of the EBRD's Trade Facilitation Program (TFP) of the total value of EUR 1.5 billion, which brings together more than 100 partner banks in 27 countries the bank invests in.

Eurobank first joined the program in 2011 and has supported the export and import operations of its clients since.

The bank is a member of the Eurobank Group, the European banking organization with the total assets of EUR 72.7 billion, over 16,000 employees and a network of over 900 offices in Greece and abroad.

So far, the EBRD has invested EUR 4.4 billion in Serbia in over 200 projects in the financial sector, industry, trade, agriculture, energy and infrastructure.