The European Bank for Reconstruction and Development (EBRD) said on August 31 that it has approved a loan of up to €5mn for Sparkasse Bank in Bosnia & Herzegovina for lending to local small and medium enterprises (SMEs). At least 60% of the use of proceeds will be green investments, the EBRD said.
Sparkasse Bank is the fifth largest lender in Bosnia by assets (5.2% market share) and by loan portfolio (5.6% market share) as of end-2020.
The bank offers universal banking services to corporate, SMEs and individual clients through a network of 40 branches and outlets managed by the head office in Sarajevo and served by 530 employees. Sparkasse Bank is 100% owned by Steiermarkische Bank und Sparkassen AG, Austria.
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