Source: eKapija | Tuesday, 09.02.2016.| 13:39
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A total of EUR 40 m for SMEs - ProCredit bank to provide loans of EUR 25.000 to 7,5 m to innovative companies

(Photo: Maryna Pleshkun/shutterstock.com)
The European Investment Fund (EIF) and ProCredit group signed agreement which will increase crediting of innovative SMEs thorugh InnovFin - EU financial fund for innovators, iniciative supported by EC and under EU program for financial instruments Horizont 2020.

New agreement enables ProCredit group to fund innovative companies with total of EUR 250 m, through ProCredit bank in Albania, Bosnia and Herzegovina, Bulgaria, Macedonia, Moldova, Romania and Serbia. As Svetlana Tolmacev-Dingarac said for eKapija, president of Executive Board at ProCredit bank Srbija, out of these funds, EUR 40 m will be planned for funding companies in Serbia. After placing all 40 m, bank can be approved additional amount from the same guarantee program.


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