EBRD agrees €40m Serbian SME financing to Eurobank

Small and medium-sized enterprises in Serbia will benefit from better access to finance thanks to a €40 million loan provided by the European Bank for Reconstruction and Development to Eurobank.

It will be on-lent to private businesses which have seen a decrease in activity, turnover and profitability amid the corona-virus outbreak. This is leading to payment delays and liquidity issues for the whole economy, so increased financing can help bridge the financing gap.