EBRD and Banca Intesa expand access to finance for businesswomen

 

Women-led businesses in Serbia will benefit from a new €8 million loan by the European Bank for Reconstruction and Development (EBRD) to Banca Intesa Beograd for on-lending to local small and medium-sized enterprises led by women.

The new loan will help Banca Intesa Beograd meet the growing demand by clients following the corona virus crisis and will further support access to finance for female entrepreneurs.

This is the fourth time the EBRD provides finance to the Serbian lender under its flagship Women in Business programme. The initiative is supported by donor funds from Sweden and Luxembourg.

A leading bank in Serbia, Banca Intesa Beograd is a key promoter of women’s participation in the economy. To date, the bank has on-lent around €15 million in loans to women-led enterprises.

Read the full news on the EBRD website