EUR 20 million in guarantee proceeds for banks for crediting SMEs in Serbia – EU funds to be available from mid-2018

Source: Tanjug Wednesday, 21.02.2018. 15:53
Comments
Podeli
(Photo: isak55/shutterstock.com)
Head of the European Investment Bank (EIB) Regional Representation for the Western Balkans, Dubravka Negre, today announced in her statement for Tanjug the realization of guarantees for support to small and medium enterprises in the amount of EUR 20 million.

Negre explained that these are proceeds from the pre-accession EU funds for support to SMEs and added that they would be made available to all banks in Serbia in mid-2018

The EIB, she said, will announce those guarantees in mid-March.

– This is an opportunity for those banks which have not cooperated directly with our fund to show interest in one of these guarantees. We know that there is currently enough liquidity in the market, but there are no mechanism enabling banks to take a bigger risk, to free their capital and start servicing small and medium enterprises, which have not been able to receive the funds so far, as their risk profiles have not suited the internal rules – Negre explained.


As she said, this guarantee scheme has proven to be very useful.

– The banks are liquid, but they need a mechanism that would enable them to take a bigger risk and reduce collateral requirements, as this is the biggest problem for business entities, that is, the SMEs which apply for the funds – Negre said and added that the agreement with the European Commission had already been signed and that the implementation was to follow in mid-2018.
Comments
Your comment
Full information is available only to commercial users-subscribers and it is necessary to log in.

Forgot your password? Click here HERE

For free test use, click HERE

Follow the news, tenders, grants, legal regulations and reports on our portal.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno, uz konsultacije sa našim ekspertima.