Intesa Sanpaolo expanding SME financing, international trade support in Albania, Serbia

Intesa Sanpaolo, an Italian bank with operations in 12 countries in Europe and North Africa, recently expanded a program for small and medium-sized enterprises to its subsidiary banks in Albania, Croatia, Serbia and Slovenia. The program supports SMEs with greater access to finance and cross-border services. In other countries where Intesa Sanpaolo has rolled out this effort, “Just a few months after launch, the project… has achieved results far in excess of the targets set, with more than 600 customers involved and over [USD 270 million] in financing granted,” said Giuseppe Ferraro, Head of the Corporate & SME Department of Intesa Sanpaolo's International Subsidiary Banks Division.