EBRD and Banca Intesa sign first RSF project in Serbia
Serbia, Sept. 24 -- The European Bank for Reconstruction and Development (EBRD) is supporting the growth of PIP d.o.o., a leading tortilla producer in Serbia, through a risk-sharing agreement with Banca Intesa Beograd. This is the first project signing under the Risk Sharing Facility in Serbia, under which the EBRD offers partner banks unfunded risk-participation mechanisms in foreign or local currency by guaranteeing a share of their loans to eligible companies.Banca Intesa is providing a €9 million loan to PIP d.o.o. to upgrade its facilities and purchase new equipment to increase production. As part of the agreement, the EBRD is participating through the unfunded risk sharing 50 percent on the transaction.In addition, PIP will rece...
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