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    Reference: 20200521
    Release date: 3 September 2020

    Promoter – Financial Intermediary

    PROCREDIT BANK AD BEOGRAD,PROCREDIT BANK AD SKOPJE,PROCREDIT BANK DD,PROCREDIT BANK SHA

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 65 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 - 16/12/2020

    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).

    Related tags

    Albania Bosnia and Herzegovina North Macedonia Serbia Credit lines