SARAJEVO (Bosnia and Herzegovina), May 16 (SeeNews) – The European Bank for Reconstruction and Development said it approved three loans with a combined value of up to 4 million euro ($4.5 million) to Bosnia’s Intesa Sanpaolo Banka [SAJ:UPIB], two aimed at supporting small and medium enterprises (SMEs), and one to promote green economy investments.
The largest loan of up to 2 million euro is aimed at on-lending to the residential sector for “investments supporting eligible residential renewable energies and energy efficient technologies”, the project documentation published on EBRD’s website on Thursday shows.
A senior unsecured loan of up to 1 million euro will be provided for on-lending to local women-led SMEs.
The third long-term senior unsecured loan of up to 1 million euro is aimed at on-lending to youth MSMEs.
Intesa Sanpaolo is a Sarajevo-based lender with assets of 1.51 billion euro in 2024, making it the sixth largest bank in Bosnia, the EBRD said.
($ = 0.8937 euro)