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Bosna Bank International, Una-Sana Canton sign deal to back business

Bosna Bank International, Una-Sana Canton sign deal to back business Ken Teegardin/CC BY-SA 2.0

SARAJEVO (Bosnia and Herzegovina), July 19 (SeeNews) – The government of Bosnia's Una-Sana Canton said on Wednesday it has signed a deal with Bosna Bank International (BBI) to fund business entities in the area.

Under the deal BBI will provide financing to businesses in the canton under favourable conditions at a subsidized rate of 2.3%, the cantonal government said in a statement.

BBI has secured 12.49 million marka ($7.4 million/6.4 million euro) for the project. The maximum amount that can be approved per business is 1 million marka, with a repayment period of three to seven years depending on the size of the loan.

The Una-Sana Canton is one of the ten cantons of the Federation of Bosnia and Herzegovina entity within Bosnia and Herzegovina. The other entity is the Serb Republic.

(1 euro=1.95583 marka)

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