MIL-OSI Europe: Serbia: EIB and Intesa Leasing Beograd agreed on €40 million loan for COVID-19 recovery for SMEs and mid-caps foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
EIB and Intesa Leasing Beograd sign €40m loan for SMEs and mid-caps in Serbia
EIB and Intesa Leasing Beograd agreed on €40 million loan for COVID-19 recovery for Serbian SMEs and mid-capsEIB | Belgrade | Updated: 24-12-2020 14:49 IST | Created: 24-12-2020 14:49 IST
This is the fourth loan in support of Serbian SMEs singed by the EIB in 2020, in addition to two financial guarantees provided by the European Investment Fund, part of the EIB Group. Image Credit: Twitter(@EU Commission)
As the COVID-19 crisis continues to pose serious challenges on the global economy, including Serbia, the European Investment Bank (EIB) and Intesa Leasing Beograd (ILB) signed a €40 million loan for small and medium-sized enterprises (SMEs) and mid-caps in Serbia. These funds will enable ILB to provide affordable lease finance to local companies under more flexible and favourable conditions, which are part of COVID-19 exceptional measures adopted by the EIB in May 2020. This agreement will help