EBRD and Addiko Bank support SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) has agreed a €20 million line of credit to Serbia's Addiko Bank a.d. Beograd for on-lending to small and medium-sized enterprises. The funds will be particularly focused on investments to improve the competitiveness of the Serbian private sector.

The new loan is the third project between the EBRD and Addiko Bank Serbia. A previous €10 million loan by the EBRD signed in 2017 has already been successfully utilised. In April 2018, Addiko joined the EBRD's Trade Facilitation Programme by signing a €10 million trade finance line to grow its trade finance business and expand its correspondent bank relationship.