Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg News

EIB Lends 100 Million Euros to Serbia for Smaller Companies

November 26, 2012

The European Investment Bank will loan Serbia 100 million euros ($130 million) to help local banks finance small and medium-sized businesses and local infrastructure projects.

The European Union’s lending arm will extend the funds via Belgrade-based Raiffeisen Banka AD and Novi Sad-based Erste Banka AD to “improve the access of Serbian SMEs and mid-cap companies to long-term financing provided on favorable terms,” a bank statement cited Dario Scannapieco, the vice-president responsible for the western Balkans, as saying.

At least 70 percent of the loan amount will be allocated to small and medium-sized companies as access to cheaper and long- term financing are “key drivers for economic and social progress in Serbia,” according to the statement.

The Luxembourg-based European Investment Bank, the World Bank and the European Investment Bank agreed Nov. 8 on an action plan for eastern Europe, which includes loans and investment in private and public-sector projects including infrastructure, corporations and the financial industry.

To contact the reporter on this story: Gordana Filipovic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

blog comments powered by Disqus