EBRD gives €8 million to support women entrepreneurs in Serbia

The European Bank for Reconstruction and Development (EBRD) has provided an €8 million credit line to Banca Intesa in Serbia to support investments by women entrepreneurs, with grants and technical support from Sweden.

The loans for women-led or women-owned businesses are provided under the EBRD’s Women in Business programme, which promotes women’s entrepreneurship and their wider involvement in business through easier access to finance and knowledge.

During his visit to Serbia, the line of credit agreement was signed by EBRD Vice President Alain Pilloux, who said that improving access to finance and knowledge for women-led businesses is one of the bank’s key priorities in the countries where it invests.

Since its introduction in the Western Balkans in 2014, the Women in Business programme has supported more than 4,800 micro, small and medium-sized enterprises run by women across the region through credit lines worth more than €57 million and provided them with access to finance, advisory services, training, mentoring and connected them to other women entrepreneurs.

To date, Banca Intesa has signed 20 credit line agreements with the EBRD in various capacities, including five under the Women in Business programme, which the bank joined in 2015.

“As the first bank in Serbia to join the Women in Business programme, in cooperation with the EBRD, we have so far supported more than 2,500 women’s entrepreneurship initiatives with more than EUR 25.8 million in loans, helping women entrepreneurs to develop their businesses and achieve their professional ambitions,” said Banca Intesa Board Chairman Darko Popović.

The EBRD is the largest institutional investor in Serbia with over 7.3 billion euros.

(Biznis.rs, 14.06.2022)

https://biznis.rs/vesti/ebrd-obezbedila-osam-miliona-evra-za-podsticaj-zenskog-preduzetnistva-u-srbiji/

 

This post is also available in: Italiano

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