New credit facility of EUR 60 million - EIB and Societe Generale support small and medium-sized enterprises

The European Investment Bank has provided EUR 60 million to Societe Generale Serbia for on-lending to small and medium-sized enterprises in 2013 and 2014, Societe Generale said in a release today.
Since 2010, Societe Generale Serbia has been strongly supporting the development of small and medium-sized enterprises in order to become the main bank in that segment which is going to be the supporting pillar of development of Serbia's economy in the years to come, the release reads.
The European Investment Bank has provided this credit facility on the basis of recent acquisition of KBC Banka's client portfolio by Societe Generale Serbia. This made it possible for the bank to secure funding for SME's (companies with less than 250 employees) under favorable terms in order to contribute to their development and financial stability, it is announced in the release.

OTP banka Srbija a.d. Novi Sad

EIB

Societe Generale Bank

European Investment Bank

EIB

loans for small enterprises

loans for medium sized enterprises

SME loans