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Bosnia gives nod to 12.5 mln euro OPEC Fund loan to Raiffeisen Bank

Jun 11, 2024, 1:57:34 PMArticle by Dragana Petrushevska
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June 11 (SeeNews) - Bosnia and Herzegovina's Council of Ministers said it has given the green light to the OPEC Fund for International Development to extend a 12.5 million euro ($13.4 million) loan to local Raiffeisen Bank in support of small and medium-sized enterprises (SMEs).

Bosnia gives nod to 12.5 mln euro OPEC Fund loan to Raiffeisen Bank
Raiffeisen Bank Romania; Author: Raiffeisen Bank License: all rights reserved.

Consent for investments by the OPEC Fund for International Development in Bosnia is required by Article III of the Agreement on the Promotion and Protection of Investments between the two parties and is unrelated to Bosnia's borrowing or issuance of state guarantees, the Council of Ministers said in a statement on Monday.

Raiffeisen Bank, as the borrower, fully assumes the risk of loan repayment and financing and provides the creditor with all necessary coverage and guarantees for loan approval, the Council of Ministers added.

($ = 0.931 euro)

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