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EBRD approves 9 mln euro loan to Bosnia's Raiffeisen Bank to back SMEs

EBRD approves 9 mln euro loan to Bosnia's Raiffeisen Bank to back SMEs Raiffeisen Bank Romania; Author: Raiffeisen Bank License: all rights reserved.

SARAJEVO (Bosnia and Herzegovina), June 23 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it has approved a 9 million euro ($9.5 million) senior loan to Bosnia's Raiffeisen Bank BiH [SAJ:RFSN] to back local small and medium-sized enterprises (SMEs) for investments to introduce EU standards.

The loan will target SMEs that invest in automation and digitalisation, with a minimum 60% of the received funding to be invested in automation and digitalisation investments and minimum 10% of funding to be invested in only digital investments, the EBRD said in a project summary document.

Furthermore, at least 60% of the loans would go to investments that support the green economy transition, the EBRD added.

The EBRD will provide the loan under its Go Digital Pilot in BiH programme.

Raiffeisen Bank BiH is the second largest bank in Bosnia with a market share of 13.8% in assets and 12.6% in loans as of the end of 2021.

($ = 0.9512 euro)

Raiffeisen Bank d.d. Bosna i Hercegovina is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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