Econostrum | Economic News in the Mediterranean

Banca Intesa to grant €20m in loans to Serbian companies and municipalities

Written by Eric Apim on Thursday, October 29th 2020 à 17:35 | Read 442 times

Banca Intesa will be able to better help Serbian companies to recover (photo: EBRD)
Banca Intesa will be able to better help Serbian companies to recover (photo: EBRD)
SERBIA. The European Bank for Reconstruction and Development (EBRD) granted a credit line of up to €20 million to Banca Intesa Beograd on Thursday 29 October 2020. This envelope is dedicated to supporting, through loans, companies and municipalities to help them contain the negative economic consequences of the coronavirus pandemic. In particular, to meet their liquidity needs in the face of the decline in their activities and turnover as the pandemic progresses.

"With this new financing from Banca Intesa, our funds for the real economy in Serbia, provided through lenders, are approaching €400 million for this year alone," said Zsuzsanna Hargitai, the EBRD's Regional Director for the Western Balkans and responsible for Serbia. "Banca Intesa has so far made more than €288 million available to citizens and businesses in Serbia through credit line agreements with the EBRD," said Draginja Đurić, CEO of Banca Intesa Beograd. Its bank (3,000 employees and 154 branches) is the largest in Serbia with a market share of 16% of total assets at the end of 2019.


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