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EBRD Provides $20 Million Line to Addiko Bank to Support SMEs

EBRD Provides $20 Million Line to Addiko Bank to Support SMEs

The European Bank for Reconstruction and Development (EBRD) will support SMEs in Serbia with a $20 million line to Addiko Bank. According to the article, SMEs account for over half of Serbia’s economic activity and supporting them is key. 

The funds will help to improve the competitiveness of Serbian SMEs by providing access to modern technology and equipment. 

Vojislav Lazarević, Chairman of the Executive Board of Addiko Bank, said that SMEs are consistently developing. "Stability in our business and our strategic commitment to further growth have allowed us to enter this successful cooperation. Our focus is always on our clients and this is one of the reasons why the EBRD continues to operate with our bank in Serbia.”