EBRD and UniCredit Bank Serbia provide support to Serbia’s private sector €50 million to UniCredit Bank Serbia to provide loans for SMEs and mortgages

The European Bank for Reconstruction and Development (EBRD) has signed two financing agreements totaling €50 million with UniCredit Bank aimed at providing support to Serbia’s private sector. A new loan of up to €40 million will be designated for on-lending to private SMEs whose access to finance is a challenge, especially in the aftermath of the recent floods. In addition, a €10 million mortgage loan will be extended with the aim to enhance financing for the private residential housing sector.

The funds are being provided under the new EBRD Western Balkans and Croatia Financing Framework IV (WBFFIV), a €500 million facility focused on the development of the private SME sector in the region. The WBFFIV will also address the needs of residential financing, leasing, micro-lending, trade facilitation transactions and other financial instruments.