| Project Detail |
Project Description
Provision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME").
Project Objectives
The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.
Transition Impact
The project supports the Competitive and Green TI qualities.
The Competitive quality will be supported by: (i) facilitating SMEs increased competitiveness; and (ii) prioritising investments that result in compliance with EU Directives and other relevant international standards. The project will also facilitate investments in green technologies that will drive the transition to an environmentally sustainable, lower-carbon and climate-resilient green economy, thus supporting the Green quality. |
