Loans Under European Programmes
Description and purpose
Central Cooperative Bank AD provides credit for the implementation of projects under European programmes, which are financed through grants under different European programs.
Deductible of at least 20% of the total project costs, excluding VAT, is required.
The funding from the Bank can take the form of a prospective loan and/or bank guarantees.
When receiving the grant under the program, the borrower partially repays the loan with it.