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Dec 22, 2017 12:52 EEST
SARAJEVO (Bosnia and Herzegovina), December 22 (SeeNews) – The European Fund for Southeast Europe (EFSE) announced on Friday a senior loan worth 5 million euro ($5.9 million) to Sarajevo-based Raiffeisen Leasing for on-lending to micro, small and medium enterprises (MSMEs).
The loan makes Raiffeisen Leasing the fund’s first dedicated leasing partner in Bosnia and Herzegovina, EFSE said in a statement.
Established in 2004, Raiffeisen Leasing is one of the largest leasing companies in Bosnia and Herzegovina and is fully owned by Raiffeisen Bank. In addition to its branches, Raiffeisen Leasing leverages the wide network of its parent bank to provide needed leasing services to MSEs throughout the country.
"We are very proud to welcome Raiffeisen Leasing as the fund’s first leasing partner in the country. This loan will provide micro, small and medium-sized businesses with more access to financing options and shows the fund’s ongoing support of MSMEs in Bosnia and Herzegovina", EFSE board chairman Christoph Tiskens said.
The European Fund for Southeast Europe (EFSE) was initiated by German development bank KfW with the financial support of the German federal ministry for economic cooperation and development (BMZ) and the European Commission.
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