The European Investment Bank (EIB) and Banca Intesa have signed an agreement on a loan worth EUR 30 million for support to small and medium enterprises.
The agreement was signed by EIB Vice President Dario Scannapieco and the chairwoman of the Executive Board of Banca Intesa, Draginja Djuric, who reminded that the bank had a great cooperation with the EIB.
Intesa first signed an agreement worth EUR 60 million
on the realization of the EU COSME Program, which provided Serbian companies with more favorable sources of finance, in December 2016. This document secured direct guarantees enabling Banca Intesa to support 3,000 SMEs with EUR 60 million in loans for the obtaining of working assets, under more favorable conditions, with a longer repayment period (36 months), with a very law interest rate and without a mortgage, over a period of two years.
Following that, an annex was signed in May 2017 aiming to enable the bank to support another 2,200 SMEs with additional EUR 100 million
Finally, the European Investment Fund (EIF, a part of the EIB Group) and Banca Intesa signed an agreement on the InnovFin guarantee for support to innovative entrepreneurs and SMEs in Serbia, worth EUR 100 million
, in November 2017.
Scannapieco reminded that, in 2018, the EIB had signed agreements on two credit lines with Erste Bank and the company S Leasing, worth EUR 60 million, and with Societe Generale, worth EUR 50 million, as well as two agreements on investment grants of EUR 73 million