EBRD and EU strengthen access to finance for MSMEs in Serbia
Serbia, June 8 -- The European Bank for Reconstruction and Development (EBRD), with support from the European Union (EU), is strengthening access to finance for micro, small and medium-sized enterprises (MSMEs) in Serbia through a new €100 million portfolio risk?sharing facility with ProCredit Bank Serbia.Under the transaction, the EBRD will provide an unfunded portfolio guarantee of up to €50 million, covering 50 per cent of the credit risk on a newly generated portfolio of MSME loans of up to €100 million. The facility will enable ProCredit Bank to expand lending to businesses across Serbia, including outside major urban centres, while preserving capital and managing risk.The operation benefits from EU-backed first-loss ...
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