EBRD approves 7 mln euro loan to Bosnia's UniCredit Bank Mostar

The loan will be extended in one single tranche under the Western Balkans Green Economy Financing Facility (GEFF) III REpower Residential Programme, the EBRD said in a project description on Tuesday.

The loan aims to provide funding for investments in high-performance energy efficiency technologies and construction projects in privately owned residential buildings or public sector facilities.

UniCredit Bank Mostar's shares last traded on the Sarajevo bourse on May 26, when they closed 48.81% higher at 7,500 marka ($4,146/3,834 euro).

UniCredit Bank Mostar is based in the Federation, one of two autonomous entities that form Bosnia and Herzegovina. UniCredit Group has another bank in Bosnia, UniCredit Bank Banja Luka, headquartered in the other entity - the Serb Republic.

($ = 0.925 euro)