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AIK Banka SME

Sector: Raw Materials • Location: Serbia

Source: International Finance Corporation (IFC)

Project
Active

 The proposed project is an investment with AIK Banka a.d. Belgrade (“AIK Bank”, or the “Bank”), which consists of (i) a guarantee facility under IFC Global Trade Finance Program (GTFP) with a limit of US$10 million for a tenor of up to 12 months; and (ii) a 5-year senior loan for an amount of up to EUR50 million (the Loan); (collectively, the “Project”).The Loan will support the expansion of the

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Project Information

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The project “AIK Banka SME” is an infrastructure initiative in the Raw Materials sector, located in Serbia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

 The proposed project is an investment with AIK Banka a.d. Belgrade (“AIK Bank”, or the “Bank”), which consists of (i) a guarantee facility under IFC Global Trade Finance Program (GTFP) with a limit of US$10 million for a tenor of up to 12 months; and (ii) a 5-year senior loan for an amount of up to EUR50 million (the Loan); (collectively, the “Project”).The Loan will support the expansion of the Bank’s lending program to SMEs and at least 20 percent of the loan will be earmarked for climate loans to SMEs.  The Project’s objectives include: (i) improving access to finance for SMEs in Serbia with a particular focus on green financing, and (ii) supporting a local player with a regional expansion strategy in a context otherwise dominated by large Western-owned regional banking groups.       

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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