09.02.2017
ProCredit Holding AG & Co. KGaA DE0006223407
DGAP-News: ProCredit Holding AG & Co. KGaA: EUR 70m for SMEs in Kosovo, Serbia and the former Yugoslav Republic of Macedonia under the Western Balkans Enterprise Development and Innovation Facility
DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Miscellaneous
ProCredit Holding AG & Co. KGaA: EUR 70m for SMEs in Kosovo, Serbia and the
former Yugoslav Republic of Macedonia under the Western Balkans Enterprise
Development and Innovation Facility
09.02.2017 / 15:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
09.02.2017
EUR 70m for SMEs in Kosovo, Serbia and the former Yugoslav Republic of
Macedonia under the Western Balkans Enterprise Development and Innovation
Facility
The European Investment Fund (EIF) and three ProCredit group subsidiaries
have signed guarantee agreements to support Small and Medium Enterprises
(SMEs) in Serbia, Kosovo and the former Yugoslav Republic of Macedonia.
This was made possible via the Western Balkans Guarantee Facility, funded
by the European Union under the Western Balkans Enterprise Development and
Innovation Facility.
The Western Balkans Guarantee Facility agreements aim to facilitate access
to finance for SMEs in Serbia, Kosovo and the former Yugoslav Republic of
Macedonia by providing credit coverage on a total of EUR 70 million of
loans over the next two years. SMEs will be able to access EUR 35 million
from ProCredit Bank Kosovo, EUR 25 million from ProCredit Bank Serbia and
EUR 10 million from ProCredit Bank Macedonia.
Commenting on the deal, EIF's Guarantees, Securitisation & Microfinance
Director, Alessandro Tappi, said: "We are pleased to be signing these
guarantee agreements under the second phase of the Western Balkans
Guarantee Facility for SMEs in Serbia, Kosovo and the former Yugoslav
Republic of Macedonia with ProCredit, a long-standing EIF partner in the
region. Via the local ProCredit banks, the guarantee will enhance access to
finance for SMEs which can bring jobs and growth to the three countries'
economies."
Borislav Kostadinov, member of the Management Board of ProCredit Holding,
added: "We in the ProCredit group are very proud to be signing these
guarantee agreements for the three countries. As the leading 'Hausbank' for
SMEs in this region, we will always strive to offer better solutions for
small and medium-sized enterprises in our countries of operation."
About the EIF
The European Investment Fund (EIF) is part of the European Investment Bank
group. Its central mission is to support Europe's micro, small and medium-
sized businesses (MSMEs) by helping them to access finance. The EIF designs
and develops venture and growth capital, guarantees and microfinance
instruments that specifically target this market segment. In this role, the
EIF fosters EU objectives in support of innovation, research and
development, entrepreneurship, growth, and employment.
About WB EDIF
The Western Balkan Enterprise Development and Innovation Facility (WB EDIF)
is an EU-funded initiative which aims to increase the financial resources
made available to SMEs based in the Western Balkans, as well as to support
private sector development, socio-economic development and the EU-accession
process across the region. The EUR 145 million of capital made available
under this facility by the EU, international financial institutions (IFIs),
beneficiaries and bilateral donors will effectively translate into over EUR
300 million of direct financing for SMEs in the region. The Guarantee
Facility forms one pillar of WB EDIF and targets SMEs with growth potential
and which are in need of lending to cover their financing needs for
investments and working capital.
The facility is coordinated by the European Investment Fund and is being
implemented in close cooperation with governments in the Western Balkans,
the European Commission, the European Investment Bank (EIB) and the
European Bank for Reconstruction and Development (EBRD). IFIs,
international organisations and bilateral donors active in the region, such
as the World Bank, DEG, OECD and others are participating in order to
streamline their efforts to develop the private sector in the Western
Balkans.
About the ProCredit group
ProCredit Holding AG & Co. KGaA, headquartered in Frankfurt am Main,
Germany, is the parent company of the international ProCredit group,
comprising banks with a focus on South Eastern and Eastern Europe that have
specialised in serving SMEs. The group also operates in South America and
in Germany. The core shareholders of ProCredit Holding AG & Co. KGaA are
the strategic investors Zeitinger Invest and ProCredit Staff Invest
(comprising investment vehicles for ProCredit staff members), the Dutch
DOEN Participaties B.V., KfW and the IFC (World Bank Group). ProCredit
Holding AG &
Co. KGaA is supervised, on a consolidated basis, as the superordinated
company of the ProCredit Group pursuant to the German Banking Act by the
German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungs-aufsicht, BaFin) as well as by the Deutsche
Bundesbank. For additional information, visit: www.procredit-holding.com.
Press Contacts:
EIF: David Yormesor, e-mail: [email protected], tel.: +352 42 66 88 346
ProCredit Holding: Andrea Kaufmann, e-mail: Andrea.Kaufmann@procredit-
group.com, tel.: +49 69 951 437 138
---------------------------------------------------------------------------
09.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: ProCredit Holding AG & Co. KGaA
Rohmerplatz 33-37
60486 Frankfurt am Main
Germany
Phone: +49-69-951437-0
Fax: +49-69-951437-168
E-mail: [email protected]
Internet: www.procredit-holding.com
ISIN: DE0006223407
WKN: 622340
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
543409 09.02.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
ProCredit Holding AG & Co. KGaA ISIN: DE0006223407 können Sie bei EQS abrufen
Banken , 622340 , PCZ , XETR:PCZ