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EBRD lending 10 mln euro to Bosnia's Intesa Sanpaolo for housing purposes

EBRD lending 10 mln euro to Bosnia's Intesa Sanpaolo for housing purposes Photo: EBRD

SARAJEVO (Bosnia and Herzegovina), March 10 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is extending a 10 million euro ($12 million) mortgage credit line to Bosnia's Intesa Sanpaolo Banka to improve housing conditions in the country.

Intesa Sanpaolo will on-lend the proceeds to private borrowers, which will mostly use the money for improving energy efficiency and savings, EBRD said in a press release on Tuesday.

The new credit line addresses growing demand and is an extension of a 15 million euro mortgage line approved in July 2019.

Bosnia's Intesa Sanpaolo Banka is a unit of Italy's Intesa Sanpaolo Group.

($ = 0.8407 euro)

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