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Harrisons Advises EBRD on up to RSD 1.4 Billion Tier-2 Subordinated Loan to ProCredit Bank Belgrade

Serbia
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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. 

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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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