Banca Intesa and Intesa Leasing sign credit lines with EBRD
Belgrade, December, 2013 – Banca Intesa and Intesa Leasing signed agreements with the European Bank for Reconstruction and Development (EBRD) on credit lines in the total value of 25 million euros.
Banca Intesa secured a 10 million euro credit line for on-lending to private and municipal sub-borrowers for investments in energy efficiency and renewable energy projects, while Intesa Leasing obtained a loan of 15 million euros to expand lease financing for equipment, real estate for commercial purposes and light and heavy commercial vehicles for the small and medium-sized enterprise (SME) sector.
"These are important agreements for us and for Serbia and their conclusion could not have come more timely as they are addressing key challenges the country faces – SME support and energy efficiency. We are confident that progress in these areas will allow Serbia to make significant progress towards stronger and sustainable growth", said Matteo Patrone, EBRD Director, Serbia.