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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Serbia : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    9/11/2012 : € 50,000,000

    Summary sheet

    Release date
    31 May 2012
    Status
    Reference
    Signed | 09/11/2012
    20110519
    Project name
    Promoter - financial intermediary
    EB SMES AND PRIORITY PROJECTS II
    ERSTE BANK AD NOVI SAD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan for financing small and medium scale projects promoted by SMEs and small Mid-caps, projects promoted by local authorities and final beneficiaries of any size of investment of limited scale in the fields of knowledge economy, energy, environment protection, industry, health, education, and services.

    Improving access to term finance at favourable conditions.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Comments

    EIB Loan for SMEs, small Mid-Caps and Priority Lending. Total project cost up to 100 million - EIB financing is for up to 100 % of project costs for SMEs and small Mid-Caps and 50% for other Final Beneficiaries.

    Disclaimer

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

    News & Stories

    General enquiries and comments

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    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.
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    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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