The EBRD has approved the new line to Addiko Bank

The European Bank for Reconstruction and Development (EBRD) has signed a new agreement with Addiko Bank on approving a line from the Trade Finance programme in the amount of 10 million euros, which represents a continuation of last year’s cooperation aimed at developing SMEs and support for large companies.

The EBRD emphasizes that this agreement confirms the good cooperation with Addiko Group and Addiko Bank so far. “We are very pleased with the support of Addiko Bank to SMEs, as well as export companies and we are pleased to support the Bank in the further development of the Serbian market with the help of Trade Finance program,” said Daniel Berg, EBRD General Manager for Serbia. “The new line provides significant opportunities for local businesses in the realisation of business plans and further business development, which is confirmed by the interest of small and medium enterprises (SMEs) in the previous credit cycle,” said Vojislav Lazarević, president of the Executive Board of Addiko Bank a.d. Belgrade.

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