Business News

SID Banka Offering New, EUR 330M Credit Line

Ljubljana, 05 May (STA) - SID Banka, the state-owned export and development bank, said Wednesday it would offer a EUR 330m credit line in the coming months for SMEs, environmental and infrastructure investments and the promotion of sustainable development.

The bank will finance the projects from the EUR 750m it got as part of a recent bond issue and a EUR 80m loan from Kreditanstalt fuer Wiederaufbau (KfW), a German bank owned by the state and federal states.

EUR 160m will be available for small and medium-sized enterprises (SMEs), EUR 44m for infrastructure projects and regional development, EUR 36m for environmental and infrastructure projects and EUR 10m for innovation, said SID chairman Sibil Svilan.

Loans with maturity between 2 and 10 years will be available through commercial banks, which will chip in 20-25% of the money, according to Svilan.

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