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In July 2018, OeEB signed a Euro 15.5 million loan to Serbian export credit agency Agencija za Osiguranje i Finansiranje Izvoza Republike Srbije a.d. (AOFI). The funds will be used to provide short-term loans to local export-oriented micro, small and medium-sized businesses (MSME).
| Project name |
Agencija za Osiguranje i Finansiranje Izvoza Republike Srbije a.d. (AOFI) |
| Region |
Southeast Europe |
| Sector |
Financial sector / Microfinance / SME |
| Service |
Investment Finance |
| Project country |
Serbia |
| OeEB project volume |
EUR 15.5 million |
| International climate finance according to UNFCCC | No |
| Additionality | Financial Additionality |
| Project partner(s) |
Agencija za Osiguranje i Finansiranje Izvoza Republike Srbije a.d. (AOFI) |
AOFI is the official export credit agency of the Republic of Serbia and was founded in 2005 to support the country's export economy and to promote the development of international economic relations. AOFI's main business segments include export insurance and export financing.
By providing AOFI with a long-term loan, OeEB supports AOFI in extending loans to local export-oriented MSMEs and in pre-financing of receivables as part of factoring.
This helps improve access to short-term liquidity for Serbian businesses which contributes to securing and creating jobs as well as to strengthening the country’s private sector.