Original disclosure @ IFC website
Updated in EWS Sep 4, 2022
Disclosed by Bank Jul 19, 2022
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According to the bank website, the project consists of an investment with AIK Banka a.d. Belgrade, which consists of (i) a guarantee facility under IFC Global Trade Finance Program (GTFP) with a limit of US$10 million for a tenor of up to 12 months; and (ii) a 5-year senior loan for an amount of up to EUR50 million (the Loan); (collectively, the “Project”).The Loan will support the expansion of the Bank’s lending program to SMEs and at least 20 percent of the loan will be earmarked for climate loans to SMEs. The Project’s objectives include: (i) improving access to finance for SMEs in Serbia with a particular focus on green financing, and (ii) supporting a local player with a regional expansion strategy in a context otherwise dominated by large Western-owned regional banking groups.
COMPANY CONTACT INFORMATION
AIK Banka a.d. Belgrade
Chief Executive Officer
+381 11 2029 050
Bulevar Mihaila Pupina 115d, 11070 Novi Beograd
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