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Harrisons Advises EBRD on EUR 30 Million Loan Facility to ProCredit Bank

Harrisons Advises EBRD on EUR 30 Million Loan Facility to ProCredit Bank

Serbia
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Harrisons has advised the EBRD on a EUR 30 million loan facility to ProCredit Bank in Serbia.

According to Harrisons, "the loan will improve the availability of funding for small and medium enterprises and support their post-pandemic recovery, along with investments in new equipment, facilities, and operations. Around 20% of the credit line will go to investments that can improve energy efficiency or investments in renewable energy."

"Small and medium enterprises account for the bulk of all enterprises registered in Serbia and are the engine of the country’s economic growth," the firm informed. "Providing them with access to finance is more important than ever, in particular, to mitigate the economic impact of the coronavirus pandemic."

ProCredit Bank is a commercial bank operating in Serbia since 2001.

The Harrisons team was led by Consultant Ines Matijevic-Papulin and included Associate Mina Markovic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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