SEF and ProCredit Bank have signed a Partnership Agreement whereby ProCredit Bank joined the credit-guarantee scheme for selected manufacturing small and medium-sized enterprises in Serbia.

The signing was attended by representatives of the Swiss Embassy in Belgrade. This credit-guarantee scheme is one of the components of the SME Hub initiative. Supported by the Government of Switzerland, through the Swiss Agency for Development and Cooperation (SDC), the SME Hub project is worth CHF 8.2 million, while its total value is expected to be over CHF 13 million.

We are thanking to the Government of Switzerland for their contribution in the amount of CHF 2 million provided for this component of the SME Hub. We are very satisfied with the collaboration with the ProCredit Bank, who is our proven partner. Jointly, SEF and Procredit Bank continue to cooperate within this scheme providing domestic small and medium-sized enterprises with financial support in order to meet necessary standards in becoming suppliers of multinational companies.