EUR 5 million for SMEs - Intesa Leasing inks loan agreement with EFSE

Intesa Leasing has signed a EUR 5 million senior loan agreement with the European Fund for Southeast Europe (EFSE) initiated by KfW Development Bank (KfW) with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission.

- Intesa Leasing has been one of the front-runners of the leasing business in Serbia, and the first to offer local currency leasing in the Serbian market - said Monika Beck, chairperson of the EFSE Executive Board.

- Leasing supports MSEs in the long-term financing of different types of equipment and machines, and this loan enables us to increase the EFSE’s outreach to target groups in Serbia - she added.

- For many years, practically since the company was founded, we have viewed the SME segment as the engine of economic development of Serbia, and thus the segment of utmost importance to the operations of Intesa Leasing. By building on the positive experience of the parent group, Intesa Sanpaolo, in financing clients from this segment, we intend to introduce new products to the leasing market by monitoring trends from more developed markets. Several times during our operations we have proposed brand new financial products that are proving highly effective in supporting our clients’ business activities - said Nebojsa Janicijevic, president of the Executive Board of Intesa Leasing.