Business News

SID Bank Lent EUR 764M to Slovenian Companies in 2011

Ljubljana, 04 April (STA) - SID Banka, the state-owned export and development bank, provided EUR 764m in loans to over 1,000 Slovenian businesses in 2011. The funds went to develop entrepreneurship, and to finance internationalisation, development and environmental projects, the bank said on Wednesday.

Most of the businesses, 87%, were small or mid-sized companies. The biggest portion of loans (45%) went for international expansion, while a third (31%) went for boosting business of small and mid-sizes companies.

Projects related to the environment and energy accounted for EUR 115m, while R&D loans stood at EUR 15m. About EUR 48m went for regional development and infrastructural projects.

SID Banka stressed in the press release that the it had strengthened its loans programme since the beginning of the economic turmoil.

Between fall 2008 and until the end of last year, the bank helped support about 4,500 Slovenian companies, providing a total of EUR 3.7bn in loans and EUR 13.4bn in guarantees.

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