EUR 25 million for energy efficiency projects and assistance to SMEs in Serbia

Banca Intesa and Intesa Leasing have signed agreements with the European Bank for Reconstruction and Development (EBRD) for credit facilities totaling EUR 25 million.

Banca Intesa AD Beograd is to obtain a loan of up to EUR 10 million from the EBRD for on-lending to private and municipal sub-borrowers for investments in energy efficiency and renewable energy projects, whereas Intesa Leasing Serbia d.o.o. is getting a loan of up to EUR 15 million to expand lease financing for equipment, light and heavy commercial vehicles and real estate for commercial purposes.

The €10 million loan to Banca Intesa A.D. Beograd comes under the Western Balkans Sustainable Energy Financing Facility for sustainable energy efficiency investments in the region, while the €15 million loan to Intesa Leasing Serbia d.o.o. will contribute to the €30 billion Joint IFI Action Plan for Growth in Central, Eastern and South-Eastern Europe, which includes SME support as a priority area.

To date, the EBRD has invested €3.3 billion in some 170 projects in Serbia throughout all sectors of the economy. The Bank will continue to focus on the corporate and financial sectors and infrastructure, and will continue to play a key role in developing the transport, energy and municipal infrastructure in the country.