EBRD mulls EUR 150mn loan for Societe Generale Serbia.

By bne IntelliNews October 26, 2011
The EBRD is considering providing a EUR 150mn loan to Societe Generale Serbia to support the bank's growth strategy in Serbia focusing on SMEs and regional expansion, the EBRD said in a statement. The loan will be extended in three tranches to support the bank's lending operations in the next three years. The EBRD's support is to help Societe Generale Serbia expand operations and increase lending to the real economy and in particular the SMEs. Societe Generale Serbia is the sixth largest bank in Serbia with total assets reaching EUR 1.5bn as of June 2011 and 96 branches throughout the country. The bank is a fully-owned subsidiary of French Societe Generale.

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