EBRD Lending EUR 40 mln to Serbia's Addiko Bank to Support SMEs

Banking

The European Bank for Reconstruction and Development said on Wednesday it will provide a loan of EUR 40 million to Serbia's Addiko Bankfor on-lending to small and medium-sized enterprises (SMEs).

The funds will contribute to the expansion of lending to SMEs, including enterprises operating in the Serbian regions outside the capital, the EBRD said in a press release.

The loan is also expected to attract new SME clients, with Addiko Bank successfully implementing an SME-focused strategy via its regional branch network.

Addiko Bank Beograd, a unit of Austria-based Addiko Bank. 

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