The Intesa Sanpaolo Group, through its network of banks in Croatia, Albania, Slovenia, Bosnia-Herzegovina and Serbia, estimated to provide credit facilities for a total of a billion euro in favor of Western Balkan SMEs involved initiative. It was said by Ignacio Jaquotot, head of foreign banks division of Intesa Sanpaolo Group, during the international conference ‘Supporting local enterprises and sms’s along china’s belt and road initiative in South eastern Europe’ organized Central European Initiative (CEI) and the Bank European Agency for reconstruction and development (EBRD).

“The financing, mainly in the medium to long term and leasing, intended for business customers of the network of the Intesa Sanpaolo Group in the Western Balkans, will be an amount up to 15 million and the maximum as a rule last no longer than 10 years – Jaquotot added – and will aim to finance the purchase of plant, machinery, equipment or vehicles, in addition to the purchase, construction, expansion and renovation of industrial plants and investments in intangible assets related to infrastructure projects in the belt and road initiative, including the expenses for research, development and innovation”.

(ITALPRESS/MNA).

Source: medNews