Recently, 
the European Investment Bank (EIB), an entity of the EU, extended a credit line of EUR 40 million (USD 47 million) to Banca Intesa Beograd (BIB) in an effort to boost the Serbian economy in response to the downturn caused by the COVID-19 pandemic. The funds are for on-lending to small and medium-sized enterprises (SMEs) and mid-caps to support operations, job retention and
Tag: Southeastern Europe
MICROCAPITAL BRIEF: Government of Sweden Gives $3m for EBRD’s Women in Business Programme for SMEs in Moldova
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently disbursed a grant in the amount of SEK 26 million (USD 3 million) to support its Women in Business Programme in Moldova. The funds, which have been supplied by the Swedish government
MICROCAPITAL BRIEF: EBRD Loans $5.9m in Local Currency to Erste Bank ad Novi Sad to Support Household Energy Efficiency in Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned RSD 600 million (USD 5.9 million) to Erste Bank ad Nova Sad (Erste Bank Serbia), a commercial banking subsidiary
MICROCAPITAL BRIEF: Green for Growth Fund to Loan $2.2m to Microfinance Institution Alter Modus of Montenegro for Energy Efficiency for Housing, Business
The Green for Growth Fund (GGF), a Luxembourg-based investment vehicle that supports energy-efficiency (EE) initiatives in Southeast Europe, recently announced that it will invest EUR 2 million (USD 2.2 million) in debt in Alter Modus, a Montenegro-based microfinance institution (MFI).
MICROCAPITAL BRIEF: Green for Growth Fund Southeast Europe (GGF) Signs $2.2m Senior Loan Facility with ICS Total Leasing & Finance of Moldova
The Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy, recently announced that it has agreed to disburse a senior loan of EUR 2 million (USD 2.2 million) to ICS Total Leasing & Finance S.A. (TLF), a Moldova-based non-banking financial institution.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $5.5m to Nova Ljubljanska Banka (NLB) d.d. Sarajevo to Increase Housing Finance Access
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.5 million) to Nova Ljubljanska Banka (NLB) d.d. Sarajevo, which is controlled by Slovenian finance firm NLB Group, to enable younger and lower-income households in Bosnia and Herzegovina to acquire housing.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $5m to Opportunity Bank Serbia for On-Lending to Micro-, Small Enterprises; Low-Income Households in Rural Serbia
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.4 million) to Opportunity Bank Serbia (OBS), a branch of US-based microfinance network Opportunity International, to improve access to finance for micro -and small enterprises (MSEs) and low-income households in rural areas of Serbia.
MICROCAPITAL BRIEF: European Fund for Southeast Europe Loans $23m to Burgan Bank of Turkey for Rural MSMEs
The European Fund for Southeast Europe (EFSE), a Luxembourg-based investor in the development of local financial sectors in Southeast Europe and parts of Central Asia, recently informed MicroCapital that it has loaned EUR 20 million (USD 23 million) to Burgan Bank Turkey, a retail bank that is part of Kuwait’s Burgan Bank Group. The funds are to be on-lent on a “long-term” basis to micro-, small and medium-sized enterprises in rural areas of the country.
MICROCAPITAL BRIEF: EFSE Loans $33m to UniCredit for Business, Home Loans in Serbia
The European Fund for Southeast Europe (EFSE), a Luxembourg-based, government-backed microfinance investor that aims to foster regional development, recently announced that it has provided loans totaling EUR 25 million (USD 33 million) to UniCredit Serbia to support its small enterprise lending operations and its homes and housing improvement program [1].