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.
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more