European Investment Bank has approved credit in amount of 50m EUR to Hypo Alpe-Adria-Bank Belgrade for provision of support to small and mid-sized enterprises.
New banking partner in Serbia, one of the biggest investors in the country, cooperates for a long time with EIB in Austria and Slovenia. The aim of this cooperation is the development of small and mid-sized enterprises and the projects of local self-governments in Serbia.
Hypo Alpe-Adria-Bank Belgrade will use the means from the credit of EIB to finance projects of small and mid-sized enterprises in field of environment protection and energy saving, as well as for projects that concern industry, services and tourism. The credits to small and mid-sized enterprises will be approved on period of 4-12 years, whereas the infrastructural projects will be financed with the repayment period of up to 15 years.