The EUR 2 million loan extended to Novi Sad-based Opportunity Bank by the European Fund for Southeast Europe (EFSE) will be used for on-lending to micro and small enterprises as well as agricultural farms in Serbia, Opportunity Bank announced today.
This U.S. bank operates in Serbia since 2002 through 8 subsidiaries and 13 branch offices. Its credit portfolio is at EUR 65 million, while saving deposits at this bank amount to EUR 54 million.
EFSE was established by the German Development Bank (KfW) to finance projects in Serbia, Albania, Armenia, Azerbaijan, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Macedonia, Kosovo, Georgia, Moldova, Montenegro, Romania, Ukraine, and Turkey.
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