OeEB signed a risk participation with a total value of EUR 22.5 million in connection with a KfW credit line
On 12 December 2012, OeEB signed a risk participation with a total value of EUR 22.5 million in connection with a KfW credit line. The objective of this credit line is to finance investments in the Serbian agricultural sector and food processing industry as well as businesses serving the agricultural sector on an upstream and downstream basis in Serbia.
|Project name||Komercijalna Banka|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||EUR 22.5 million|
|Project partner(s)||KfW, Komercijalna Banka|
The agricultural sector as well as the food industry plan an important role in the Serbian economy. However, the absence of suitable infrastructure and the use of old machinery have resulted in a low productivity rate. With its risk participation, which covers the part of the credit line to be used for agricultural sector investments, OeEB is making a contribution to the food supply security, the improvement of infrastructure as well as the competitiveness of Serbian enterprises.