August 31 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday that it has approved a loan of up to 5 million euro ($5.9 million) in favour of Bosnia's Sparkasse Bank for on-lending to local small and medium enterprises (SMEs).The proceeds will be used for investments that will help SMEs improve their competitiveness and comply with technical standards in line with the EU acquis communautaire, the EBRD said in a project summary document.At least 60% of the use of proceeds will be green (GET) investments, the EBRD added.The senior loan, which will be provided through the Western Balkans SME Competitiveness Support Programme (SME-CSP), was approved on August 24.($ = 0.8458 euro)
Jun 10, 2026
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