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EBRD extends 15 mln euro loans to Bosnian unit of Intesa Sanpaolo

Jun 14, 2024, 4:32:02 PMArticle by Dragana Petrushevska
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June 14 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) has agreed to extend two loans worth a total of 15 million euro ($16 million) to Bosnia's Intesa Sanpaolo Banka [SAJ:UPIBP], a unit of Italian banking group Intesa Sanpaolo, the Bosnian bank said on Friday.

EBRD extends 15 mln euro loans to Bosnian unit of Intesa Sanpaolo
Author: Banca Intesa. License: All rights reserved.

The EBRD is extending a 7 million euro loan under the SME Go Green programme for on-lending to local small and medium-sized enterprises (SMEs) to boost investments in green technologies, including energy-efficient and renewable energy projects, Intesa Sanpaolo Banka said in a press release.

The bank will aim to deliver at least 70% of funds to eligible Green Economy Transition (GET) projects.

The EBRD is also providing a 8 million euro loan under the Go Digital programme in Bosnia to help SMEs meet EU standards in the area of ​​environmental protection, occupational health and safety, and product quality and safety by increasing the level of automation and digitalization used in operational processes. The bank will strive to deliver at least 60% of funds to GET projects.

These funds are supported by incentives and technical assistance financed by the European Union, Intesa Sanpaolo Banka said.

Intesa Sanpaolo Banka's shares have not traded on the Sarajevo Stock Exchange in the past year.

($ = 0.936 euro)

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