EBRD approves 12.5 mln euro loan to Bosnia's Raiffeisen Bank

The funding also aims to facilitate the expansion of lending to private small and medium-sized enterprises, including businesses operating in less economically developed regions of the country, the EBRD said in a project summary document.

The bank will aim to deliver at least 20% of the proceeds to Green Economy Transition (GET) eligible projects, the EBRD said.

The loan is expected to mobilise additional senior unsecured funding from an international investor, the document read.

Raiffeisen Bank BiH is the second largest bank in Bosnia with a market share of 13.6% in assets and 12.2% in loans as of the end of 2022.

($ = 0.923 euro)