KfW funds

Satisfy the need for financing fixed assets and working capital, as well as energy efficiency and renewable energy sources, with the help of the funds which enable that

  • We offer earmarked funds for financing fixed assets and reducing energy consumption
  • Use the possibility of financing energy efficiency and renewable energy sources
  • Choose the currency which suits your business needs
    RSD with an FX clause or in EUR

KfW Green credit line

We offer you funds for supporting companies and entrepreneurs, when financing projects in the territory of the Republic of Serbia

For your projects to be supported by KfW funds, use them for reconstruction, renewal or renovation, for the purpose of:

  • investing in fixed assets and reducing energy consumption;
  • ensuring the least neutral impacts of CO2 emission;
  • using renewable energy sources.

 

 

  1. Choose the currency (RSD with an FX clause or in EUR);
  2. You will be approved the maximum amount of funds in accordance with your credit standing;
  3. The product is available with a corporate current account with the bank.

Investment incentives / grants

After the successful implementation of the investment project, final beneficiaries are entitled to grants.

For more information about KfW funds

KfW RURAL - Support for rural development in Serbia

Erste Bank a.d. Novi Sad, in cooperation with the German Development Bank KfW, provided a new credit line for the promotion of rural development in Serbia, in the amount of 20 million euros.

Who is eligible for the credit line?

The credit line is intended for small and medium-sized enterprises that meet the following criteria according to EU standards:

  • Less than 250 employees (mandatory condition),
  • Revenues of less than EUR 50 million or,
  • Total assets less than 43 million euros,
  • Majority private ownership.

In the case of related parties, the criteria are considered at the consolidated level..

Lending conditions

  • Maximum loan amount: up to 1,000,000 EUR,
  • Repayment term: up to 7 years.

Purpose of funds

The funds are intended for investments in rural parts of Serbia, which includes all regions except the cities of Belgrade and Novi Sad.

The loan can be used for:

  • Investments in fixed assets (facilities, equipment),
  • Working capital related to the investment (up to 30% of the total investment).

Consultants could potentially provide free technical assistance to final recipients.

Ask us about everything you need to know about the KfW funds