New EBRD funds for energy efficiency and renewable energy projects in Serbia

The EBRD is continuing to promote energy efficiency and renewable energy projects in Serbia with a €10 million credit line to Societe Generale Banka Srbija for on-lending to Serbian private companies undertaking sustainable energy investments.
The financing to Societe Generale Banka Srbija is extended under the EU/EBRD Western Balkans Sustainable Energy Credit Line Facility.

Wholly-owned by the Société Générale Group, Société Générale Serbia is among the top ten banks in the country, servicing corporate, small and medium-zised enterprises (SMEs) and retail customers.
The proceeds of the loan will be used to support Serbian companies investing in industrial energy efficiency, small renewable energy production and energy efficiency in commercial buildings [with loans worth up to €2 million].
This is the second transaction under the EU/EBRD Western Balkans Sustainable Energy Credit Line in Serbia, following the €10 million loan to Banca Intesa, signed in March 2009.

News source: EBRD link: article