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EBRD mulls 2 mln euro loan to Bosnia’s Sparkasse Bank for green investments

Feb 29, 2024, 12:36:03 PMArticle by Dragana Petrushevska
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February 29 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it is considering providing a 2 million euro ($2.2 million) loan to Sparkasse Bank [SAJ:ABSB], the Bosnian unit of Austrian group Steiermaerkische Sparkasse, to support residential green investments.

EBRD mulls 2 mln euro loan to Bosnia’s Sparkasse Bank for green investments
Rooftop solar installation. Source: MEC Group/EnergieSun.

The loan proceeds of the loan would be used for on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition - eligible residential renewable energies and energy efficient technologies, the EBRD said in a project summary document.

The loan would be provided under the Western Balkans Green Economy Financing Facility III - REpower (WB GEFF III).

Sparkasse Bank's shares have not traded on the SASE in the past year.

($ = 0.922 euro)

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