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.