EUROBANK AND EBRD SIGNED AGREEMENT ON CREDIT LINE WORTH RSD 2.9 BILLION
14 September 2021.
Eurobank and the European Bank for Reconstruction and Development (EBRD) inked a bilateral agreement on a credit line worth RSD 2.9 billion for financing SMEs in the Republic of Serbia, for investments in working capital, as well as permanent assets.
The agreement was signed by the President of Executive Board of Eurobank Slavica Pavlović and Managing Director Central and South Eastern Europe EBRD Charlotte Ruhe.
“Since the beginning of its operations in Serbia, Eurobank has been providing strategic support to the development of SMEs. Their role is of vital importance for progress of the local economy, especially now, during these challenging times. The access to funds from this credit line, worth up to RSD 235 million per project, will enable our clients to ensure long-term business enhancement”, noted Slavica Pavlović, President of Eurobank Executive Board.
Charlotte Ruhe, Managing Director Central and South Eastern Europe, EBRD, said: “We are pleased to continue our cooperation with Eurobank Serbia and to extend jointly this new credit line that will support the recovery and development of local businesses. Increasing the availability of our financing in the local currency dinar will substantially benefit local borrowers as they are no longer exposed to exchange rate vulnerabilities. This will also contribute to strengthening the confidence in the domestic financial system.”
Aiming to act as a reliable partner to the local economy, Eurobank has made continuous investments in financing of SMEs. Eurobank has been a long-standing partner and a member of the EBRD Trade Facilitation Programme since 2011. In the last 10 years only, Eurobank placed more than EUR 1.4 billion in this segment of the Serbian economy.