Project Details

Location: Serbia
Duration:
Client: Erste Bank ad Novi Sad
Budget: 99,000 €
Financier: KfW

Info: Follow Up Continuation Project for the Eco Loans Implementation for Erste Bank Novi Sad

Serbia: Renewable Energy Credit Line for MSMEs with Erste Bank (KfW Eco Loans Phase II)

Following the successful implementation of the Program "Promotion of Investments in Energy Efficiency and Renewable Energy in the Banking Sector / Eco Loans " with the focus on EE investments, Erste Bank Novi Sad and KFW agreed to the continuation of the EcoLoan program, with additional EUR 10 million to be invested in renewable energy projects. This time the objective of the is to increase and deepen access of micro, small and medium-sized enterprises to finance environmentally sane RE investments, such as solar PVs, biogas and biomass projects. Particular attention will be paid on the investments impact on the environment and local communities, where Erste Bank will be assisted with the implementation of state of the art E&S policies.

Investments financed with these funds shall further contribute to reduction of the Serbian CO2 footprint related to electricity generation.

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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.