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    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

    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

    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

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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