| Project Detail |
Location:
Serbia
Project number:
53996
Business sector:
Financial institutions
Notice type:
Private
Approval date:
16 Nov 2022
Status:
In Exploratory, Pending Final Review
PSD disclosed:
20 Sep 2022
Provision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF").
Project Objectives
The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports BIBs growth strategy and diversification of its funding sources. Finally, up to 10% of the loan proceeds are expected to be invested in line with the Green Economy Transition (GET) approach. |
