EBRD, Sweden, Banca Intesa boost women entrepreneurs in Serbia

Banking

The European Bank for Reconstruction and Development is extending an EUR 8 million loan to Banca Intesa Belgrade in Serbia, it said in a statement on Tuesday.

The financing, which Sweden is backing with grants and technical assistance, will support investments by women entrepreneurs.

The financing for businesses run or owned by women is being extended under the EBRD's Women in Business program, which promotes women's entrepreneurship and their participation in business more broadly by providing them with access to finance and know-how.

To help improve access to finance, the EBRD offers specialized credit lines in partnership with commercial banks.

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