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The European Fund for Southeast Europe (EFSE) has provided a senior loan of EUR 10 million to its long-time partner UniCredit Bank Serbia JSC. The investment will enable the bank to expand access to financing for Serbian homeowners across the country. The second-largest bank in Serbia, UniCredit Bank is also a leading provider of housing finance, with 85% of its housing clients as first-time homeowners. The bank’s extensive network of 72 branches across the country particularly allows it to serve less-developed areas with loan products tailored to lower to middle-income households. The EFSE funding will enable the bank to expand its ability to offer financing options suited to the needs of this target group.
EFSE Board Chairman Christoph Tiskens said: “EFSE aims to...
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