SARAJEVO (Bosnia and Herzegovina), April 16 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said it is providing a senior loan of up to 3 million euro ($3.4 million) to Bosnia’s ProCredit Bank for on-lending to local small and medium enterprises (SMEs) for investments in digital and automation technology.
“In addition to loans, SMEs will benefit from grant incentives of 10 per cent of the loan amount, funded by the EU”, the EBRD said in a press release last week.
Bosnia’s ProCredit Bank is part of Germany’s ProCredit Holding.
The EBRD has invested over 3.3 billion euro in 244 projects in Bosnia.
($ = 0.880283 euro)