American DFC Signs Agreement with Four Banks in Serbia on Corporate Loan Guarantees

The U.S. International Development Finance Corporation (DFC) today signed a guarantee scheme agreement with four banks in Serbia, by which companies will be enabled to take out loans in the total amount of USD 400 million.

The agreements were signed at the Ministry of Finance of Serbia with Addiko Bank, Banca Intesa, ProCredit and Raiffeisen Bank.

– The loans will be available to micro, small and medium enterprises which need help in business operations or development, with a special focus on agriculture, undeveloped regions, sustainable development, startups and companies run by women – said the minister of finance, Sinisa Mali.

He specified that the loan repayment period will be six months to 10 years.

Mali added that, in the first phase, the economy will have loans worth USD 272 million at its disposal.

Ministarstvo finansija Republike Srbije

Addiko bank ad Beograd

Banca Intesa a.d. Beograd

ProCredit Bank a.d. Beograd

Raiffeisen banka a.d. Beograd

Ministry of Finance

Addiko bank

Banca Intesa

Procredit

Raiffeisen bank

US International Development Finance Corporation

DFC

guarantee scheme agreement

corporate loans

loans for business operations

loan guarantee