EU allocates €160m in funding for Serbian SMEs [Yahoo! Finance]
INTESA SANPAOLO S/ADR (ISNPY)
NASDAQ:AMEX Investor Relations:
group.intesasanpaolo.com/scriptisir0/si09/investor_relations/eng_wp_investor_relations.jsp
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Source: Yahoo! Finance
The funds, which will be made available on favourable terms, aim to meet various needs of SMEs and mid-sized companies, including working capital and investment requirements. The initiative is a partnership between EIB's financial arm EIB Global, Banca Intesa, and Intesa Leasing, in collaboration with European banking group Intesa Sanpaolo. Through EIB credit lines, along with Banca Intesa Beograd and Intesa Leasing, EIB and Intesa Sanpaolo have so far provided €780m in funding. Banca Intesa Beograd CEO and executive board president Darko Popovic said: “The EIB is our key partner in efforts to support sustainable economic growth in Serbia by creating an environment where businesses can innovate, expand and reach their full potential. “Our partnership, which has existed for almost two decades, has improved access to investment, working capital and green finance for SMEs, by providing long-term loans of higher amounts at favourable interest rates, contributing to the improvemen
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