EBRD, ProCredit Bank support SMEs in Serbia

World

The European Bank for Reconstruction and Development said it is boosting small and medium-sized businesses (SMEs) in Serbia with a EUR 30 million loan to ProCredit Bank.

The loan will improve the availability of funding for SMEs and support their post-pandemic recovery, along with investments in new equipment, facilities and operations.

Around 20% of the credit line will go to investments that can improve energy efficiency or investments in renewable energy.

The ProCredit Group, headquartered in Frankfurt, is a development-oriented, international commercial bank, active in many of the economies where the EBRD invests.

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