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Harrisons Advises EBRD on Inaugural EUR 50 Million Loan to AIK Banka in Serbia

Harrisons Advises EBRD on Inaugural EUR 50 Million Loan to AIK Banka in Serbia

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Harrisons has advised the EBRD on its inaugural EUR 50 million loan to Serbia's AIK Banka for on-lending to local small and medium-sized enterprises.

According to the firm, Serbian SMEs "will benefit from better access to finance for their growth, green ambitions, and greater competitiveness. Small and medium-sized enterprises are the backbone of the Serbian economy and improving their access to finance is vital for Serbia’s sustainable and inclusive economic growth."

"The investment is also geared towards the development of Serbia’s banking sector through the exchange of knowledge and experience between the bank and its new partner," Harrisons reported. "The EBRD will share its international expertise with AIK Banka, which in turn will on-lend in line with the bank’s environmental and social standards. AIK Banka commits, under this agreement, to invest a minimum of 30% of the funds in Serbia's green economy."

The Harrisons team was led by Principal Mark Harrison and Consultant Ines Matijevic-Papulin and included Associate Mina Zeljkovic.

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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