SOFIA (Bulgaria), June 16 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) announced that it had approved an €8 million ($8.3 million) loan to Banca Intesa Beograd in Serbia to help develop women-led businesses. companies.
The financing is provided under the EBRD’s Women in Business program and will be complemented by grants and technical support from Sweden, the lender said in a statement on Tuesday.
The Women in Business program is also supported by Luxembourg, Sweden and the EBRD’s Special Shareholder Fund and promotes investment, training and mentoring to encourage female entrepreneurship.
“As the first bank in Serbia to join the Women in Business program, we have so far supported more than 2,500 female entrepreneurs with more than €25.8 million in loans, helping them grow their businesses and realize their professional ambitions,” said the Chairman of the Board of Directors of Banca Intesa in Serbia, said Darko Popovic.
The EBRD’s Women in Business program has provided over €57 million in credit lines to more than 4,800 women-led micro, small and medium-sized enterprises (MSMEs) in the Western Balkans since its launch in 2014.
Banca Intesa Beograd is part of the Italian banking group Intesa Sanpaolo, which focuses on 12 markets in Central and Eastern Europe (CEE).
($ = 0.9616 euros)
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