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April 10, 2003 - Thursday |
Reiffeisen Bank has started to give loans to entrepreneurs and small companies
Reiffeisen Bank in Belgrade has started to approve loans to entrepreneurs and small sized companies. The loans are dedicated to production for export, import of raw materials and equipment, operating costs and investments.
Companies with annual income from €100,000 to €1 million can bid for loans. Loans amount are from €20,000 to €200,000, payment terms from 12 to 36 months, annual interest rate 11% to 13.25%.
Entrepreneurs with annual income no less than €50,000 can obtain a loan from €10,000 to €100,000, with payment terms from 12 to 36 months and annual interest rates from 10.75% to 12.75%.
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