A total of EUR 40 m from InnovFin Fund for Serbian entrepreneurs - ProCredit bank in two months approves EUR 1,8 m, EUR 3 m more in process
- In
the first month, we issued loans for EUR 5 m to banks in the region and the
most interest so far comes from Serbia and Bulgaria and from production
sectors.
Credits from EUR 25.000 to 7,5 m
As specified at ProCredit Bank Serbia, since March when grants started approved from this program, Serbian businessmen were paid EUR 1.8 m, while about EUR 3 m more is in the process.
The
reason for increased interest in this program is that it provides access to necessary
financial resources to those companies that decide to invest but do not have
sufficient guarantee which could provide an investment they want to implement.
Minimum loan amount from InnovFin fund is EUR 25,000 while maximum amount for individual customer is EUR 7.5 m. Loans can be investment, revolving or for working capital, and the interest rates are much more favorable than standard loans.
Mild growth in credit acitivity, favorable loans in dinars
Svetlana Tolmacev - Dingarac , president of the
Executive Board of ProCredit Bank Serbia notices stagnation of loan portfolio as
well as a slight increase in terms of corporate loans at the Serbian market. In
total since the beginning of the year, this bank approved to small and medium
enterprises funds higher than EUR 100 m and the bank is planning to exceed last year’s
figure of EUR 248.5 m , or 88 % of the total portfolio of loans.
I.B.
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