Source: eKapija | Thursday, 18.10.2012.| 12:38
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EUR 668 million approved in subsidized liquidity loans to date

Serbia's finance ministry said on Wednesday that local liquidity-stricken companies had received over EUR 668 million in soft-term loans since the beginning of September as part of a policy push to encourage commercial banks to lend to the real sector.

Last week, the Serbian government allocated RSD 1.0 billion dinars ($11.7 million/EUR 8.9 million) from the state budget to subsidize the interest rates of commercial lenders in a bid to shore up the liquidity of local businesses.

The ministry said in a statement that new loans accounted for EUR 400 million of the disbursed funds, with refinancing loans adding up to EUR 188 million and export loans totalling EUR 80 million.

Among the commercial lenders participating in this program are the following: Komercijalna Banka, Banca Intesa, Raiffeisen, Societe Generale, Erste Bank, UniCredit Bank, Hypo Alpe Adria Bank, EFG, Cacanska Banka, Credy Banka, Volksbank, Marfin Bank, ProCredit Bank, Credit Agricole, Vojvodjanska Banka, Univerzal Banka, Findomestic Banka, OTP Bank, NLB Bank, Postal Savings Bank, AIK Banka, Piraeus, Opportunity and Alpha Bank.

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