Management of EBRD approved loan of 10m EUR to Serbia for development of small and mid-sized business

European Bank for Rehabilitation and Development (EBRD) has approved, through Austrian Raiffeisen bank, two loans amounting to 52m EUR for development of small and mid-sized enterprises in Ukraine and Serbia.

Raiffeisen leasing Belgrade, as a part of the leading international banking group in East and Central Europe, will direct the loan for Serbia, in amount of 10m EUR, to the development and growth of small and mid-sized enterprises.

Besides, through Ukrainian bank "Aval", Raiffeisen bank will approve 42m EUR worth of long-term loans for expansion of small and mid-sized business in Ukraine.