factoring

EBRD, AikBank Launch Serbia’s First Dinar-Based Factoring Facility

The European Bank for Reconstruction and Development (EBRD) has approved a €30 million revolving factoring facility for AikBank, creating the first local-currency transaction in Serbia completed under the EBRD’s Trade Facilitation Programme. Although the facility is calculated at a euro-equivalent value, financing will be provided in Serbian dinars, giving domestic companies access to approximately RSD 3.5 billion in working-capital liquidity without additional foreign-exchange exposure. The structure is designed for companies whose revenues, supplier obligations, wages and operating expenses are primarily…