ProCredit Bank Secures RSD 1.4 Billion Loan for Growth and Green Initiatives
Deal News | Aug 15, 2025 | CEE Legal Matters
Harrisons has advised the European Bank for Reconstruction and Development (EBRD) on structuring a subordinated loan of up to RSD 1.4 billion (approximately EUR 12 million) for ProCredit Bank Belgrade. This facility, the first local-currency Tier-2-eligible subordinated loan in the Western Balkans, aims to bolster ProCredit Bank's capital to facilitate growth and optimize its capital structure. The loan proceeds are earmarked for green projects and to support MSMEs owned or led by women and young entrepreneurs.
Sectors
- Banking
- Legal Services
- Renewable Energy & Green Initiatives
- Venture Capital & Private Equity
Geography
- Serbia – ProCredit Bank Belgrade is located in Serbia, and the loan is in local currency (RSD).
- Western Balkans – This deal is significant as the first local-currency, Tier-2-eligible subordinated loan in the Western Balkans.
Industry
- Banking – The article discusses a significant loan from EBRD to improve the capital structure of ProCredit Bank Belgrade.
- Legal Services – Harrisons and Bird & Bird provided legal advice for the EBRD's loan, highlighting the role of law firms in financial transactions.
- Renewable Energy & Green Initiatives – The loan proceeds are specifically allocated to support green projects.
- Venture Capital & Private Equity – Involvement of EBRD as a financial entity providing strategic investment in ProCredit Bank Belgrade.
Financials
- RSD 1.4 Billion (approx. EUR 12 million) – The total value of the subordinated loan provided by EBRD to ProCredit Bank Belgrade.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ProCredit Bank Belgrade | Target | Company | A bank in Belgrade, Serbia, receiving a significant subordinated loan. |
| European Bank for Reconstruction and Development (EBRD) | Bidding Company | Company | The financial entity providing the subordinated loan to ProCredit Bank. |
| Harrisons | Legal Advisor | Company | Provided legal advice to EBRD for the loan to ProCredit Bank. |
| Bird & Bird | Legal Advisor | Company | Collaborated with Harrisons in advising EBRD on the loan. |