Release date: 25 October 2019
Promoter – Financial Intermediary
UNICREDIT BANK SRBIJA AD BEOGRADLocation
Description
The project consists of a loan facility with UniCredit Bank Srbija A.D. focused on supporting local businesses who commit to generate greater socio-economic impact and sustainable growth in Serbia.
Objectives
The project supports SMEs and mid-caps who commit to generate positive socio-economic impact and contribute towards strengthening economic resilience and sustainable growth in Serbia. The operation aims to enhance the prospects of more resilient and inclusive growth, by creating sustainable employment opportunities and encouraging social inclusion, particularly for young people and women. An improved economic resilience of Serbia would make both the local and hosted communities less vulnerable to shocks and crises as well as address some of the potential drivers of immigration.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 34 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 - 22/06/2020
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).