The European Bank for Reconstruction and Development (EBRD) is partnering with AIK Banka to provide a €50mn loan for local small and medium-sized enterprises (SMEs) in Serbia, the Bank reported in its press release on January 26.
Under the agreement, AIK Banka commits to investing a minimum of 30% of the funds in Serbia's green economy.
The partnership extends beyond financial support, with the EBRD sharing its international expertise to ensure on-lending activities adhere to environmental and social standards.
“With its extensive network of 61 branches and over 300,000 clients nationwide, AIK Banka is well-positioned to provide essential long-term financing to local SMEs,” the Bank said.
The EBRD has invested over €8.8bn through 347 projects in Serbia, primarily focusing on supporting the private sector.
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