Project Details

Location: Belgrade, Serbia
Duration:
Client: Ministry of Mining and Energy (MoME), Erste Bank Serbia
Budget: 399,800 €
Financier: KfW

Info: MACS supported the Erste Bank Serbia in implementing the provided credit line and successfully introduce a new EE/RE loan product.

Serbia: 4E Facility and EE/RE Credit Line Implementation with Erste Bank

The project provided a credit line of up to EUR 20 million to Erste Bank Serbia allocated to financing eligible EE/RE investments of eligible end-borrowers such as MSMEs, energy service companies, private households and municipalities. Due to the growing market, the Bank decided to focus on investments.

MACS supported the implementation of the project by assisting MoME in its role as key policy maker in the Serbian Energy Sector and will help stimulate a positive development of the EE/RE sector in Serbia and increase public awareness of benefits from efficient and environmentally friendly energy utilization and production. MACS further supported the Erste Bank Serbia in implementing the provided credit line and successfully introduce a new EE/RE loan product.

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Nikola Ćatović

Director Sustainable Finance

+381 11 2450013

nikola.catovic@macsonline.de

Nikola Ćatović

Director Sustainable Finance

+381 11 2450013

nikola.catovic@macsonline.de

Green Credit Lines, Technical Due Diligence and Energy Audits

Nikola has an MSc in Electrical Engineering and his professional focus at MACS is on RE/EE projects, knowledge transfer and project management. Since April 2015, Nikola is also the Managing Director of MACS Serbia and responsible for the business development of this office.

Nicola is a “bankers engineer” – having performed technical due diligences of many RE/EE projects and countless RE/EE trainings for bank staff during implementation of RE/EE Credit Lines and loan products at banks in Western Balkan, Caucasus and Turkey.

On top of his technical skills, Nikola possesses outstanding language skills; he is fluent in English, German, Italian, Spanish and Russian besides his mother tongue Serbian.