Support to lending to micro and small enterprises - Komercijalna Banka gets EUR 20 million loan from EFSE

Komercijalna Banka and the European Fund for Southeastern Europe (EFSE) have strengthened their cooperation through a EUR 20 million loan to be used as support to micro and small enterprises in Serbia.

This line of credit of the EFSE will be used for on-lending to private micro and small enterprises and entrepreneurs, including registered agricultural farms, Komercijalna Banka said in a release.

Loans will be granted for working capital and investments (fixed assets, raw materials...) in all sectors of the economy.

At it was announced, operations with micro and small enterprises represent one of the core activities of Komercijalna Banka and a great potential for its further growth.

Successful cooperation between Komercijalna Banka and EFSE in this field began in 2009.

With over 220 offices and more than 900,000 clients, Komercijalna Banka will make the proceeds of this credit line available to small enterprises in all parts of the country.