Delta banka has signed the contract with the National Bank of Serbia, as the agent of Republic of Serbia, and started to accept requests for use of means from the credit line approved by the Government of Italy in total amount of €33,250,000 for realization of ´Private Sector Development Programme’.
Small and mid-sized enterprises, registered in Serbia, with majority private assets, which operates above the red line for at least 2 years in the sector the means are asked for, can apply for use of means from this credit line for procurement of equipment, technology and appropriate technical aid, services, spare parts and industrial licenses. Minimum of 70% of the credit means must be used for financing of procurement of goods and services of Italian origin from Italy, whereas up to 30% can be used for covering of expenses in the country and working capital.
According to the conditions of the credit line, the minimal amount of the credit is €50,000, whereas maximal amount is €1m. The repayment period is up to eight years, including the grace period of up to two years. The interest rate amounts to 4.9% on annual basis, whereas instruments of guarantee are regulated by the decision of the bank.