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Sep 29, 2023 10:48 EEST
September 29 (SeeNews) - The European Fund for Southeast Europe (EFSE) said it will extend 10 million euro ($10.6 million) to Bosnian lender NLB Banka Sarajevo through a senior preferred unsecured facility, the first of its type in the country.
EFSE has also previously approved ESG Technical Assistance (TA) to bolster NLB Banka’s implementation of ESG standards, it said in a press release on Thursday.
The facility is eligible under the Minimum Requirement for own funds and Eligible Liabilities (MREL), underscoring EFSE’s commitment to fostering innovative financial solutions to enhance the banking sector’s resilience and responsiveness to market needs, the fund said.
NLB Banka is based in Sarajevo, in Bosnia's Federation entity.
Bosnia and Herzegovina is made up of two autonomous entities - the Federation and the Serb Republic. NLB has another subsidiary in Bosnia, NLB Banka Banja Luka, which is based in the Serb Republic.
($ = 0.942902 euro)
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