EIB Global and Erste Bank Serbia team up to boost social inclusion
Serbia, Nov. 4 -- At a ceremony held today in Belgrade, the European Investment Bank (EIB Global) and Erste Bank a.d. Novi Sad signed agreements for a €10 million loan and a €1.3 million grant aimed at fostering inclusive growth and employment across Serbia.Using an innovative impact incentive structure, Erste Bank will provide financing on affordable terms to small and medium-sized enterprises (SMEs) and mid-caps that commit to offering permanent employment, career development and leadership opportunities, with a particular focus on women, young people and people with disabilities.Companies that achieve such social inclusion objectives will receive financial incentives under the grant component funded by the EIB's Economic Resi...
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