EBRD Lends $38.6 Million to UniCredit in Serbia for SME Firms

The European Bank for Reconstruction and Development approved 30 million-euro (38.6 million) financing for small and medium-sized business in Serbia that will be disbursed through the local units of UniCredit SpA.

The EBRD will provide another 15 million euros to UniCredit Leasing Serbia DOO to bolster its operations in equipment leasing, the London-based lender said in an e-mailed statement. The funds are provided as part of EBRD’s broader agreement with the World Bank and the European Investment Bank on more than 30 billion euro joint commitments in eastern Europe this year and next.

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