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Harrisons Advises EBRD on EUR 5 Million Loan to Banca Intesa Belgrade Supporting Women-Led Businesses

Harrisons Advises EBRD on EUR 5 Million Loan to Banca Intesa Belgrade Supporting Women-Led Businesses

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Harrisons has advised the EBRD on its EUR 5 million loan to Banca Intesa Belgrade for on-lending to women-led businesses.

According to the firm, "this credit line will be backed by Swedish grants for technical assistance and advisory support shall boost investments by women entrepreneurs."

"In Serbia, women-led businesses are usually considered as riskier due to their small size and the fact that they tend to have less hard collateral. Under the new credit line, women entrepreneurs will benefit from risk-sharing, which the EBRD will cover in the amount of up to 8% of the loan amount. This will allow more women entrepreneurs, who would not otherwise be able to provide hard collateral, to apply for and obtain financing," Harrisons reported.

Harrisons has already advised the EBRD on three other loans to Banca Intesa Belgrade in the last year alone: a EUR 100 million loan for on-lending to small and medium-sized enterprises (as reported by CEE Legal Matters on April 4, 2023), a EUR 15 million loan part of the EBRD Youth in Business in the Western Balkans program (as reported on November 4, 2022), and an EUR 8 million loan for on-lending to eligible women-led small and medium-sized enterprises (as reported on June 21, 2022).

The Harrisons team was led by Consultant Ines Matijevic-Papulin and Principal Mark Harrison and included Associate Mina Zeljkovic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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