Source: Beta | Thursday, 26.03.2009.| 12:41
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Banca Intesa obtained 10m EUR worth of loan from EBRD – funds intended for projects for improvement of energy efficiency

(Photo: b)

European Bank for Reconstruction and Development (EBRD) has signed the contract today (March 25th, 2009) with Banca Intesa in Serbia on allotment of credit line worth 10m EUR for improvement of energy efficiency in private enterprises.

The CEO of EBRD for Serbia, Hildegard Gacek, said on the occasion of the contract signing that that was the first credit from 60m EUR worth of credit line for improvement of energy efficiency and greater use of renewable energy sources in Western Balkans.

- Energy sector is the key sector for EBRD’s new investments in Serbia and Western Balkans – she said and added that that international financial institution had, so far, invested 1.4 billion EUR in more than 80 projects in Serbia.

The Minister of Energy, Petar Škundrić, announced that his ministry was preparing changes in the Law on Energy, which anticipated establishment of the energy efficiency fund for financing of related projects.

The CEO of Banca Intesa in Serbia, Draginja Đurić, said that the approval of loans would start as soon as the contract was signed, and she added that the loans would be approved to cover up to 20% of the funds invested in the energy efficiency projects.

- The interest rate will be Euribor plus 3%, while the repayment period will be five years with the grace period of up to two years - said Đurić.

The maximum amount of loans will be 2m EUR.

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