Harrisons, working with Bird & Bird, has advised the European Bank for Reconstruction and Development on a subordinated loan of up to RSD 1.4 billion (approximately EUR 12 million) to ProCredit Bank Belgrade.
According to Harrisons, this is the first local-currency, Tier-2-eligible subordinated loan in the Western Balkans.
The facility is intended to strengthen ProCredit Bank’s capital to support growth and optimize its capital structure, and to help build the funding base for the minimum requirement for own funds and eligible liabilities. All proceeds are dedicated to green projects and to MSMEs owned or led by women and young entrepreneurs.
The Harrisons team included Consultant Ines Matijevic-Papulin.
