Loans secured by state guarantees 

ProCredit Bank has begun approving liquidity and working capital loans secured by state guarantees which will allow all interested entrepreneurs, micro and SMEs to secure the financial assets they require at 36-month maturity without the need to provide their own collateral in order to secure the loan. 

This is a guarantee scheme initiated by the Government of Serbia and the Ministry of Finance, part of a package of economic measures aiming to mitigate the negative effect on the domestic economy and the operations of Serbian companies resulting from the Covid-19 pandemic. 

All entrepreneurs seated in the Republic of Serbia, including agricultural holdings registered with the Serbian Business Registers Agency, categorised as micro, SMEs that fulfil all conditions, are eligible to apply for these loans.  

Purpose of the loan: 

Mitigate the negative effects of the Covid-19 pandemic and support the Serbian economy by maintaining current liquidity levels and financing the purchase of goods / working capital.

Who is eligible for a loan secured via a state-issued guarantee:   

All entities seated in the Republic of Serbia, including agricultural holdings registered with the Serbian Business Registers Agency (SBRA) and classified as entrepreneurs or micro, SMEs, in line with the law which governs accounting. Registered agricultural holdings must also be registered with the SBRA.

The total amount of the guarantee scheme-secured loan:

The loan amount of guarantee scheme-secured loans totals RSD 240 billion (approx. EUR 2 billion).   One billion euro of these guarantees (50% of the total guarantee scheme) shall be disbursed depending on the market share of domestic banks. The remaining one billion euro shall be disbursed on a ‘first come, first serve’ basis.

Loan maturity:

Up to 36 months, including a grace period from 9 to 12 months.

Annuity type:

Repayment in monthly instalments.

Loan currency: 

RSD loans and indexed in EUR.

Maximum individual loan amount:

• 25% of the 2019 revenue, based on the annual statement of accounts for 2019 (for statistical purposes)
• Up to EUR 3 million

Interest rate and processing fees:



3 monthly EURIBOR + 3%


1 monthly BELIBOR + 2.5%

Processing fees


Possible credit products:

• New liquidity and working capital loans 
• Revolving, OVD or loans approved for the same purpose, contracted before the date of conclusion of the Agreement between the banks and the Ministry of Finance, which mature by 31.12.2020.  


ProCredit Bank invites all entrepreneurs, interested in a loan secured by state guarantee to contact us as soon as possible, to ensure that their application is received and sent to the Ministry of Finance in a timely manner.

For more information, we invite you to contact our Info Centre or your Business Advisor at one of our branches.