Deputy Prime Minister for EU Integration Bozidar Djelic stated yesterday
in Luxembourg that the European Investment Bank (EIB) will grant a €250
million loan for strengthening the Serbian banking system.
said that he had a meeting with EIB President Philippe Maystadt in Luxembourg yesterday and reminded that that the EIB is by far the largest infrastructure financier in Serbia
with over €2.6 billion of invested fund.
The agreement was reached to
use 250 million euros to refinance maturing obligations of the most successful
Serbian companies and in that way help them continue with their
business operations and investment.
He recalled that the EIB’s previous programme also
amounting to €250 million was a huge success since it was used to
finance over 350 programmes, eventually leading to the creation of 2,900
The Deputy Prime Minister explained that, bearing in
mind the success of the previous tranche, decision has been made to sign
an agreement on a new €250 million tranche by the end of the year to
help Serbian companies.
This way, Serbian companies will be able
to refinance short-term loans with a repayment period of two-three years
and interest rates between 10% and 12% by EIB loans with a repayment
period of seven to twelve years and interest rates no higher than 5-6%,
Djelic also noted that at the meeting they agreed
to open an EIB regional office in Belgrade on 27 September.