Release date: 30 June 2017
Promoter – Financial Intermediary
ERSTE BANK AD NOVI SAD & S-LEASING DOO BEOGRADLocation
Description
Loan for small and medium-sized enterprises (SMEs) with a mid-cap tranche for financing SMEs' and medium-sized companies' projects for at least 70% of the loan amount, as well as small and medium-scale infrastructure projects promoted by local authorities and final beneficiaries of any size in the fields of knowledge economy, energy, environmental protection, health, education and services, including a focus on investments promoted by youth and/or securing youth employment.
Objectives
The loan is intended for financing small and medium-sized projects promoted by SMEs and medium sized companies (complying with the Bank's usual eligibility criteria), as well as by local authorities and other public or private sector promoters in the field of knowledge economy, energy, environmental protection, health, education, services and tourism activities.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 25/01/2018
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).