Supporting of exporters

Eurobank supports the export orientation of the Serbian economy

As the bank which strongly supports Serbian economy, Eurobank has few products and services specially designed for exporters, which can effectively support the operational presence and through its parent Group and Southeastern Europe (Greece, Bulgaria, Romania, Ukraine and Cyprus). Innovative services are proposed:

  • financing of current and future foreign receivables amounting to 100% of their value with a tenor of 24 months,
  • financing of investments up to 90% of the value through loans or leases for equipment and facilities, with a tenor of up to 10 years and a grace period of 12 months,
  • special offers on interest and other financing costs,
  • fluctuations risk for EURIBOR and USD LIBOR for investment loans,
  • exchange rate changes risk, so that the exporter provides the ability to pre-agree exchange rate at which the foreign exchange inflow is converted into dinars,
  • for transactions within the Eurobank EFG Group: "currency the same day" and lower fees for payment.

Eurobank has also cooperating with international financial institutions, the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB), through which bank provides credit lines for financing of the economy in the total amount of EUR 150 million.

Eurobank began with a series of initiatives in October last year, dedicated to promoting export orientation of the Serbian economy, which is in line with the new model of the Government on the development of the country and creating the same attractive economic environment. Eurobank’s initiatives to support export is dictated by the need to improve competitiveness and "openness" of the Serbian economy and to create favorable conditions to attract capital. As a bank which is strongly supported by the Serbian economy, Eurobank has in its offer a range of products and services for exporters, including a dedicated export financing, tailor made loans, protection against changes in interest rates on foreign loans, and favorable tariffs for intra-group transactions.

Related to this, a conference named “ Eurobank Expo Serbia 2011” was held in the Crystal Ballroom of the Hyatt Hotel on March 25, which was organized in cooperation and under the jurisdiction of the Serbian Chamber of Commerce. The conference was aimed at gathering exporters from Serbia ( more than 200 attended it), who discussed the estimated export potential of Serbia and the crediting of export, as well as new trade routes for the export of domestic products. The audience was addressed by Prime Minister Mirko Cvetkovic, on behalf of Eurobank the guests were welcomed by Mr. Filippos Karamanolis, President of the Executive Board and Mr. Andreas Chasapis, Head of Corporate Transaction Banking of Eurobank Group.