Economic incentives through EU funds and guarantee schemes
We actively participate in the EU’s financial support programmes, which provide significant support to SMEs and mid-caps, as well as to various selected projects and other forms of economic activity in Serbia.
These programmes facilitate
- access to funding required for investment, innovation and other business development activities
- the creation of new jobs owing to more efficient use of new and existing financial resources, eliminating obstacles to investment and providing projects with visibility and technical support.
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Investment Loans in collaboration with the EIB
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Thanks to a credit arrangement with the European Investment Bank (EIB), we can offer you a wide range of highly favourable investment and development loans, specifically designed and tailored to the needs and potential of local businesses.
Mid-term and long-term loans from the EIB credit line are intended for:
- Investments in fixed assets
- Investments in permanent working capital
- Financing tangible and intangible costs relating to a specific investment
- Financing VAT costs (only if they are non-refundable for the client)
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Main benefits
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- Beneficial interest rates [longer tenors] compared to standard business lending conditions.
- You can negotiate the term or repayment frequency of the loan to suit the circumstances and cash-flow requirements of your business.
- It allows you to invest significantly in your business without adversely affecting your cash-flow or liquidity.
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Loan maturity and amount
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Maximum maturity:
- 12 years for sole proprietorships and SMEs
- 15 years for mid-caps (more than 250 employees)
Minimum maturity:
- 2 years
Maximum value of project eligible for financing:
- EUR 25 million
Important: In the event of loan prepayment, the client may not withdraw new EIB funds within the next 6 months.
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Who is eligible for EIB loans?
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EIB loans are intended for small and medium-sized enterprises, as well as entrepreneurs, which are registered in line with the law governing the registration of corporate entities, and meet the EIB eligibility criteria, as follows:
- the number of full-time employees (with indefinite employment contract) prior to the project (investment) is under 250 (SME)
- or the number of full-time employees (with indefinite employment contract) prior to the project (investment) is above 250 and under 3,000 (MidCap companies operating in the fields of industry, agriculture and services).
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Apex credit line
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Thanks to a credit arrangement with the European Investment Bank (EIB), with the mediation of the National Bank of Serbia, we can offer you a wide range of highly favourable loans for investment and development, designed and tailored to the needs and potential of local entrepreneurs: the Apex programme.
Apex loans are intended for:
- Investments in fixed assets
- Investments in permanent working capital
- Financing tangible and intangible costs relating to a specific investment
- Financing VAT costs (only if they are non-refundable for the client)
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Main benefits
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Clients who take part in this programme will be approved loans at the interest rate which is by at least 50 basis points lower than interest rates offered for bank loans without EIB’s participation and by at least 80 basis points lower for Western Balkans’ Youth Employment projects.
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Loan maturity and amount
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Maximum repayment period:
- 3 years for working capital
- 7 years for fixed assets
Minimum repayment period:
- 2 years
Maximum value of project eligible for financing:
- EUR 25 million
Important: In the event of loan prepayment, the client may not withdraw new EIB funds within the next 6 months.
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Who is eligible for APEX loans?
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APEX loans are intended for:
- small and medium sized enterprises and entrepreneurs, which are registered in line with the law governing the registration of corporate entities
- companies with medium market capitalisation
- as well as prioritised projects – ‘Wester Balkans’ Youth Employment’.
Eligibility requirements
- the number of full-time employees (with indefinite employment contract) prior to the project (investment) is under 250 (SME)
- the number of full-time employees (with indefinite employment contract) prior to the project (investment) is above 250 and under 3,000 (the so-called MidCap companies, with medium market capitalisation)
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The InnovFin Programme
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InnovFin is part of a joint initiative between the European Investment Fund (EIF) and the European Union. The initiative is designed to facilitate access to finance for innovative projects.
InnovFin Programme is intended for:
- Investment in fixes assets
- Investment in permanent working capital
- Investment in working capital
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Main benefits
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- Reduced collateral requirements
- More favourable interest rates than those offered for standard loans
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Loan maturity and amount
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Loan amount:
- Minimalan iznos kredita je 25.000 €
- Maksimalan pojedinačni iznos za klijenta je 7,5 miliona €
Minimum maturity:
- 12 months
Maximum maturity:
- 10 years
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Who is eligable for InnovFin loan?
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InnovFin loan is intended for:
- small and medium-sized enterprises
- small enterprises with medium market capitalisation of up to 500 employees
The InnovFin Programme’s primary focus is enterprises oriented towards development and innovative activities, companies that invest in new technologies and energy efficiency measures, and which follow market trends for the purpose of improving operations.
Innovation is understood as investments which are new for the company and which contribute to its modernisation as well as meet the EIF’s predefined criteria.
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Western Balkan Guarantee Fund Facilities
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The WB Guarantee Fund “WB EDIF Guarantee4SME Resilience" will provide guarantees to all ProCredit Bank Serbia loans approved to businesses in line with the criteria set forth in this programme.
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Main benefits
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- Reduced collateral requirements
- More favourable interest rates than those offered for standard loans
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Loan maturity and amount
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Loan amount:
- Minimal amount 20,000 €
- Maximum amount: 500,000 €
Minimum maturity:
- 36 months (3 years)
Maximum maturity:
- 120 months (10 years)
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Who is eligible for Western Balkan loan?
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- Entrepreneurs
- Legal entities
- Agricultural producers with registered holdings
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