EUROBANK AND THE EBRD SIGNED CREDIT LINE AGREEMENT WORTH 40 MILLION EUROS
26 May 2020.
Eurobank and the European Bank for Reconstruction and Development (EBRD) signed a bilateral agreement on the credit line in the amount of 40 million euros for providing liquidity at the time of the crisis caused by the COVID-19 pandemic. The credit line will be allocated for financing qualified businesses, small- and medium-sized enterprises in the Republic of Serbia.
Milan Vićentić, Head of Corporate Banking Division at Eurobank, added: “When our economy is affected by the global crisis caused by the Covid-19 pandemic, Eurobank strives to bridge the market’s liquidity gap and continue lending to large companies as well as small and medium-sized enterprises across the country. Our goal is to contribute to the fast recovery of businesses suffering from the pandemic.”
Zsuzsanna Hargitai, EBRD Regional Director, Western Balkans, said: “Working with Eurobank our goal is to strengthen the resilience of Serbia’s economy by reinforcing the link between the real economy and the financial sector. Businesses need access to finance, banks need to remain able to lend. The EBRD is ready to support.”
Eurobank has been a long-standing partner and a member of the EBRD Trade Facilitation Programme since 2011. By signing the agreement with one of the leading international institutions such as the EBRD, Eurobank confirms its strategic focus on long-term support to the business sector.
Through continuous investment in financing the SME sector, Eurobank placed more than 650 million euros in this segment of the Serbian economy in the past four years only.