Bloomberg News

Societe Generale Srbija to Borrow 160 Million Euros From EBRD

December 14, 2011

Dec. 14 (Bloomberg) -- The Serbian unit of Societe Generale SA will receive a 160 million euro ($209 million) loan package from the European Bank for Reconstruction and Development for lending to companies, the London-based EBRD said today in an e- mailed statement.

The facility includes a 150 million-euro loan designed to support Societe Generale Srbija’s growth strategy in the next three years, the EBRD said. A further 10 million-euro credit line will go toward increasing the competitiveness of small- and medium-sized businesses, according to the development bank.

To contact the reporter on this story: Agnes Lovasz in London at alovasz@bloomberg.net

To contact the editor responsible for this story: Andrew Langley at alangley1@bloomberg.net


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