WCS COVID OBS

completed

Opportunity Bank a.d. Novi Sad (“OBS” or “the Bank”) was established in 2002 as a wholly owned subsidiary of Opportunity Transformation Investments Inc. (“OTI”), a holding company owned by charitable organization Opportunity International. The Bank is the largest lender to the micro enterprises segment in Serbia. OBS operates through network of 30 branches across the country. International Finance Corporation (IFC) proposed financing of up to US$ 14.5 million (Euro equivalent) under the FIG COVID-19 Emergency Response Working Capital Solutions Envelope (WCS Envelope), is designed to provide funding to  trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. IFC financing will support the Bank's working capital and trade-related lending program to Serbian enterprises, including small and medium enterprises.