EBRD lends € 5 million to UniCredit’s Bosnian unit to support SMEs

SARAJEVO (Bosnia and Herzegovina), October 14 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) announced on Thursday that it is providing a loan of up to € 5 million (€ 5.8 million) dollars) to the Bosnian UniCredit Bank Banja Luka to support investments in small and medium-sized enterprises (SMEs).

The funding will be used to on-lend to SMEs investments that will make their operations compatible with EU standards in areas such as environmental protection, worker safety and product quality, the EBRD said in a statement. communicated.

At least 60% of the loans will go to investments that support the green transition, the EBRD added.

In addition, borrowers can benefit from technical assistance in the preparation and implementation of their investments and grants of up to 15% of the total loan amount, provided by the European Union (EU).

The EBRD is extending the loan under its regional SME competitiveness support program.

To date, the EBRD has invested over € 2.7 billion in 190 projects in Bosnia and Herzegovina.

UniCredit Bank Banja Luka is based in the Serbian Republic, one of the two autonomous entities that make up Bosnia. The UniCredit group has another bank in Bosnia, UniCredit Bank Mostar, headquartered in the other entity – the Federation.

($ = 0.8621 euros)

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