Harrisons has advised the EBRD on a EUR 5 million loan to NLB Komercijalna Banka under the SME Go Green program.
According to Harrisons, “EBRD, with the support of the EU, has launched a new credit line for on-lending to small and medium-sized enterprises under the SME Go Green program. In its initial phase, this program will provide EUR 120 million of targeted SME financing in the Western Balkans region, including Serbia, and it is expected that the program will reach EUR 400 million in overall size over the next few years. This is a regional program supported by grants from the EU via the Instrument for Pre-accession Assistance under the Western Balkans Investment Framework. It will encourage the competitiveness of SMEs by helping eligible Serbian businesses access finance for investments that meet EU and international standards. It will also help the agribusiness sector in Serbia reduce its environmental impact and become more sustainable and resilient to the risks of climate change.”
Earlier in 2024, Harrisons advised EBRD on the financing for Alter Modus (as reported by CEE Legal Matters on September 24, 2024), on three financing facilities for Banca Intesa Beograd (as reported by CEE Legal Matters on July 17, 2024) as well as on its inaugural EUR 50 million loan to AIK Banka in Serbia (as reported by CEE Legal Matters on February 8, 2024). In 2023 Harrisons advised on EBRD's EUR 27.6 million loan to District Center and PKS-LATEX-HLC (as reported by CEE Legal Matters on November 20, 2023), on EBRD's EUR 5 million loan to Banca Intesa Belgrade (as reported by CEE Legal Matters on June 29, 2023), and on its EUR 4 million loan to Montenegrin retail chain Voli (as reported by CEE Legal Matters on June 15, 2023).
The Harrisons team included Head of Banking and Finance Ines Matijevic-Papulin and Associate Mina Zeljkovic.
