PROJECT

Projects

Summary of Proposed Investment

Project Number

29985

Company Name

Eurobank Direktna AD

Date SPI Disclosed

Oct 22, 2010

Country

Serbia

Industry

Financial Markets

Projected Board Date

Nov 24, 2010

Status

Completed

Sector

Commercial Banking - SME Finance

Department

Regional Industry FIG LAC & EUR

Environmental Category

FI

Previous Events

Approved : Dec 20, 2010
Signed : Dec 22, 2010
Invested : Apr 26, 2011

Project Description

In the context of the Joint IFI Action Plan for Central and Eastern Europe (CEE), IFC is proposing to provide a senior loan to Eurobank EFG Beograd a.d. (EFG Beograd), which is a subsidiary of Greece-based EFG Eurobank Ergasias S.A. (EFG). The IFC loan will be used to support EFG Beograd’s lending operations to micro, small and medium enterprises (MSMEs) in Serbia.

Sponsor / Cost / Location

Development Impact