EFSE Provides EUR 10 Million Loan to UniCredit for Broadening Access to Housing ...

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Dec 2015
Serbia, December, 17 2015 - The European Fund for Southeast Europe and UniCredit Bank Serbia are expanding their partnership. An additional senior loan of EUR 10 million, provided by the EFSE to the Bank, will serve to finance additional housing loans for private households.

UniCredit Bank, one of the largest banks in Serbia with a share of more than 10% of the housing loan market according to October data, has a strong presence throughout the country. This supplemental loan provides much-needed funding for home improvement and housing finance, addressing the needs of the Fund’s final target group of low-income households in all regions of Serbia.

“UniCredit Bank Serbia has continuously proved effective at on-lending not only in major cities but also in other areas of the country,” says Monika Beck, Chairperson of the Board of EFSE. “We are looking forward to further expanding this successful partnership to the benefit of the EFSE’s final target group.”



 

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