Erste bank Austria approved credit of €40m to Development Fund of Republic of Serbia

Source: Danas

Monday, 25.07.2005.

14:13

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Austrian Erste bank, the owner of Novosadska banka, has approved credit of €40m to the Development Fund of Serbia, which is intended for financing of small and mid-sized enterprises and export promotion. The repayment period is seven years, whereas the fixed interest rate amounts to 4.5% on annual basis.

Companies:

ERSTE BANK-AUSTRIJA

Erste Bank a.d. Novi Sad

Nacionalna agencija za regionalni razvoj

Republicki zavod za razvoj Beograd

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Erste bank Novosadska banka Development Fund of Serbia small and mid-sized enterprises SME

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