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11. Loans from the Credit Line of the European Investment Bank (EIB)
European Investment Bank, financial institution of the European Union, established in 1958 in line with the Treaty of Rome participates at the same level with domestic financial institutions in financing investment programmes which are part of the European Union’s objectives.
This loan meets all financing eligibility criteria of the European Investment Bank. To beneficiaries of such loans, Komercijalna Banka provides benefits in terms of attractive interest rate in accordance with terms and conditions stipulated in corresponding Articles of the Loan Agreement. Such financial benefit means 50 base points (fifty base points) compared to annual interest rate which Komercijalna Banka would calculate on such loans without the participation of the European Investment Bank.
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CREDIT LINE OF THE EUROPEAN INVESTMENT BANK
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Loan
Beneficiaries
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- Independent small and medium size
enterprises (including entrepreneurs as well) in line with the EIB’s criteria
- Local self-governance (infrastructural
projects of small and medium volume)
- Other beneficiaries
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Loan Purpose
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- Investments in the purchase of material
property
- Non-material investments
For small and medium size
enterprises’ projects, acceptable financing is:
- Development of distribution network
- Increase of permanent working assets
in precisely determined amount relevant to the total loan amount necessary
for project implementation
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Loan Amount
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- In line with the creditworthiness, minimum
loan amount is EUR 100,000.00, maximum
loan amount is EUR 12,500.000.00
- Project value cannot exceed
EUR 25,000,000.00
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Loan Repayment
Term
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- Projects of small and medium size
enterprises and projects of other beneficiaries - up to 12 years
- Projects of self-governances
(infrastructural projects)
- up to 15 years
Minimum loan repayment term is 2 years
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Grace Period
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- For local self-governance projects
- up to 5 years
- For other projects
- Up to 4 years
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Loan Repayment
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In equal three-month and/or equal
six-month instalments
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