EBRD lending 15.5 mln euro to back young entrepreneurs in Serbia, Bosnia

Banca Intesa Beograd and Mi-Bospo will use the funding for on-lending to young entrepreneurs, the EBRD said in a press release.

The two financial institutions will also benefit from technical assistance to better support and respond to the needs of their younger market segment, the EBRD noted.

The Youth in Business programme envisages providing 100 million euro to banks in the region over the next five years in support of youth entrepreneurship. The EBRD extended a 4.5 million euro loan to Kosovo's Banka per Biznes in September as part of the programme.

The programme is supported by the governments of Sweden, through the Swedish International Development Cooperation Agency, and Italy, through the Central European Initiative.

($ = 1.00605 euro)