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EB LOAN FOR SMES AND PRIORITY PROJECTS

Signature(s)

Amount
€ 25,000,000
Countries
Sector(s)
Serbia : € 25,000,000
Credit lines : € 25,000,000
Signature date(s)
26/01/2010 : € 25,000,000
Link to source
Data sheet
EB LOAN FOR SMES AND PRIORITY PROJECTS
Other links
Summary sheet
EB Loan for SMEs and Priority Projects
Related press
Serbia: EUR 45 million for SMEs

Summary sheet

Release date
6 July 2009
Status
Reference
Signed | 26/01/2010
20090412
Project name
Promoter - financial intermediary
EB Loan for SMEs and Priority Projects

Erste Bank a.d. Novi Sad

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million.
EUR 50 million.
Location
Sector(s)
Description
Objectives

Credit line for financing small and medium-sized projects promoted by SMEs (within the Bank’s usual eligibility criteria) as well as infrastructure projects promoted by local authorities and projects for investments in the fields of the knowledge economy, energy, environmental protection, health and education promoted by final beneficiaries of any size.

Make available access to long-term funds at affordable interest rates to sectors of economy with least availability of financing – small and medium size enterprise and local authorities.

Environmental aspects
Procurement

The final intermediaries will be requested to ensure compliance of projects with relevant national and EU environmental laws, as appropriate.

The financial intermediaries will be requested to ensure compliance of projects with EU directives.

Link to source
Summary sheet
EB Loan for SMEs and Priority Projects
Other links
Data sheet
EB LOAN FOR SMES AND PRIORITY PROJECTS
Related press
Serbia: EUR 45 million for SMEs

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

Link to source
Related press
Serbia: EUR 45 million for SMEs
Other links
Data sheet
EB LOAN FOR SMES AND PRIORITY PROJECTS
Summary sheet
EB Loan for SMEs and Priority Projects

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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