May 9 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it approved two loans worth a total of 15 million euro ($16.1 million) to Intesa Sanpaolo Banka [SAJ:UPIBP], the Bosnian unit of Italian banking group Intesa Sanpaolo.
The EBRD approved a senior unsecured loan of up to 7 million euro under the FIF SME Go Green Programme for on-lending to local small and medium-sized enterprises (SMEs) to boost competitiveness and trade by investing in sustainability, quality standards, and green initiatives, it said in a project summary document.
The loan will also support women-led SMEs in accessing climate and other financial resources.
The lender will also provide a senior unsecured loan of up to 8 million euro under the Go Digital Pilot in BiH programme. These funds will help SMEs invest resources to introduce EU standards, invest in automation and digitalisation, support transition to a green economy and increase the awareness and knowledge.
Intesa Sanpaolo Banka's shares have not traded on the Sarajevo Stock Exchange in the past year.
($ = 0.931 euro)
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