Loans from the Crdit Line of the Italian Government
On the basis of an agreement between the Republic of Serbia and the Republic of Italy, in May 2010 was concluded a loan agreement for the implementation of the Program "Credit to help small and medium enterprises through the domestic banking sector and support to local development through public utilities.”
Basic caracteristics of the credit line | ||
| Loan Purpose | - Financing purchase of equipment, technologies, services, spare parts and industrial licences for the realization of projects
- For purchase of goods and services from Italy it is used 70% of the approved loan, and 30% can be used to cover domestic expanses and/or working capital related to the investment project |
|
| Loan Beneficiaries | Small and medium size enterprizes (SME) according to the EU standards and public utilities (PU) | |
| Loan Amount | For SME from 50.000 to 1.000.000 EUR For PU from 150.000 to 2.000.000 EUR |
|
| Loan Repayment Term | Up to 8 years | |
| Grace period | Up to 2 years | |
| Interest Rate | EKS 4,85% per annum | |
| Security | Mortgage on real estate, pledge on equipment or goods, other collaterals in accordance with the Decision of the Executive Board | |
| Repayment | Semi-annually (during grace period the interest rate is paid semi-annually) | |
| Comment | Excluded financing of taxes, customs and VAT which are paid in the country, trade, leasing, insurance companies and financial institutions, entertainment activities, gambling and construction of buildings, investments in the industry of weapons and ammunition, tobacco and tobacco products, manufacture and processing of alcoholic beverages which import or export are prohibited by the applicable laws or international treaties and agreements, buying used equipment. | |
Contact:
Phone: +381 11 20 25 712
Fax: +381 11 31 11 535
E-mail: tijana.orlovic@credybanka.com