SARAJEVO (Bosnia and Herzegovina), May 13 (SeeNews) – The government of Bosnia’s Federation said it approved a 20 million marka ($11.4 million/10.2 million euro) loan to local lender Union Banka [SAJ:UNIB] to create a credit line for young people buying their first home.
The funds will “contribute to the continuation of resolving the population’s existential issues, which affect the retention of young and educated people in the country”, the government said in a press release on Monday.
Union Banka is 97.7%-owned by the Federation. In 2024, it reported an 8% increase in net profit to 5.8 million marka.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.956 marka)