BAKU, Azerbaijan, April 12. The European Bank
for Reconstruction and Development (EBRD) is extending a 3 million
euro loan to ProCredit Bank in Bosnia and Herzegovina to support
small and medium-sized enterprises (SMEs) investing in digital and
automation technologies, Trend reports.
The financing is part of the EU-supported “Go Digital in the
Western Balkans” program, which aims to enhance innovation and
competitiveness in the private sector. In addition to loans, SMEs
will receive grant incentives covering 10% of the loan amount,
funded by the European Union.
This marks the third such EBRD loan to ProCredit Bank under the
program, reflecting the increasing demand for digitalization
support among SMEs in the country.
During a visit to ProCredit Bank, EBRD Managing Director for
Financial Institutions Francis Malige discussed the Bank’s ongoing
financial sector activities in Bosnia and Herzegovina and
priorities for the coming period.
Alongside digital investments, the initiative also targets green
technologies to support businesses in adopting more sustainable
practices aligned with EU standards. It also promotes inclusive
growth by ensuring women-led enterprises have equal access to
finance.
To date, the EBRD has invested over 3.3 billion euros in Bosnia
and Herzegovina across 244 projects.