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    Signature(s)

    Amount
    € 65,000,000
    Countries
    Sector(s)
    Albania : € 15,000,000
    Bosnia and Herzegovina : € 15,000,000
    North Macedonia : € 15,000,000
    Serbia : € 20,000,000
    Credit lines : € 65,000,000
    Signature date(s)
    16/12/2020 : € 15,000,000
    16/12/2020 : € 15,000,000
    16/12/2020 : € 15,000,000
    17/12/2020 : € 20,000,000

    Summary sheet

    Release date
    3 September 2020
    Status
    Reference
    Signed | 16/12/2020
    20200521
    Project name
    Promoter - financial intermediary
    PROCREDIT WB COVID19 RESPONSE FOR SMES & MIDCAPS
    PROCREDIT BANK AD BEOGRAD,PROCREDIT BANK AD SKOPJE,PROCREDIT BANK DD,PROCREDIT BANK SHA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 65 million
    not applicable
    Description
    Objectives

    Dedicated EIB loan in support of small and medium-sized enterprises (SMEs) and mid-caps in Serbia, Albania, North Macedonia and Bosnia and Herzegovina. As part of the overall response to COVID-19, the operation will support financial intermediaries with temporary emergency measures to facilitate the provision of liquidity to SMEs and mid-caps and thereby contribute to mitigating the impact of the economic shock in the relevant countries.

    Financing of small/medium projects as well as supporting working capital needs of SMEs and mid-caps in Serbia, North Macedonia, Albania and Bosnia and Herzegovina with particular focus on the sectors most affected by the current COVID-19 pandemic. This operation is part of a wider crisis support programme for the countries of the Western Balkans.

    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.

    Related projects

    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

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