EBRD signs €40m ProCredit Bank Serbia deal to boost SMEs

Region:

Europe

Private businesses in Serbia are set to benefit from a €40 million loan provided by the European Bank for Reconstruction and Development to ProCredit Bank Serbia.

Procredit Bank will on-lend the EBRD financing to viable local small and medium-sized enterprises affected by the severe economic impact of the COVID-19 pandemic. SMEs account for 66% of the country’s employment.

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