EBRD, EU, Raiffeisen Bank secure €7mn credit line for green Bosnian SMEs

By bne IntelliNews December 13, 2023

The European Bank for Reconstruction and Development (EBRD) said on December 13 it has secured a €7mn credit line to Raiffeisen Bank to be combined with a EU grant and used for financing green small and medium-sized companies in Bosnia & Herzegovina.

“Small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina will be able to apply for loans and grants to help them improve their competitiveness and reduce their carbon footprint, thanks to the new SME Go Green programme launched by the European Bank for Reconstruction and Development (EBRD) with the support of the European Union,” the EBRD said in a statement.

Companies can apply for funds to improve their energy and resource efficiency by investing in industrial premises, equipment, software, electric vehicles or renewable energy measures. If they implement successfully the projects, a 10% cashback of the loan amount, or 15% for investments in renewable energy and the agribusiness value chain will be provided by the EU.

Related Articles

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

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

bne IntelliNews Southeast Europe Outlook 2024

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

Bosnia’s central bank expects increased demand for corporate loans in 4Q23

Bosnia & Herzegovina’s central bank expects that the demand for corporate loans will increase in the fourth quarter of 2023 after corporate lending rose in the third quarter, it said in a ... more