ADVERTISEMENT

EBRD lends EUR 20 mln to OTP Banka Serbia to on-lending SMEs

Banking

The European Bank for Reconstruction and Development said it is extending a loan of RSD 2.3 billion (appr. EUR 20 million) to OTP banka Serbia AD Novi Sad for on-lending to small and medium-sized businesses (SMEs) in Serbia.

The credit line will bolster lending to private businesses in the form of working capital lines and investment loans, in particular, to SMEs operating in economically less-developed areas of the country, the EBRD said in a statement.

The credit line will support the post-pandemic recovery of Serbia's economy and strengthen its resilience in the medium and long term.

It will further increase SME access to local-currency loans in Serbia, where euro loans account for more than 60% of the banking sector's loan portfolio. 

MNB Extends Green Capital Requirement Discount Program MNB

MNB Extends Green Capital Requirement Discount Program

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF Int’l Relations

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF

Continental Dohányipari Lays Cornerstone of HUF 16.5 bln Exp... Manufacturing

Continental Dohányipari Lays Cornerstone of HUF 16.5 bln Exp...

New Textile Collection Celebrates Hungary's Furmint Grape Wi... Art

New Textile Collection Celebrates Hungary's Furmint Grape Wi...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.