The European Investment Bank (EIB) said on April 28 it will provide €30mn to Bosnia’s Intesa Sanpaolo Banka BiH to accelerate the recovery of companies in the country affected by the COVID-19 pandemic.
The funds are part of the EIB financial programme for the Western Balkans dedicated to recovery from the COVID-19 pandemic.
The loan deal, signed between the EIB and Intesa Sanpaolo Banka, will be used for on-lending to companies in the industrial, tourism, agriculture and services sectors, the EIB said.
This operation also supports job creation for young people in Bosnia and Herzegovina through the European Youth Employment and Training for the Western Balkans (EYET) Initiative by encouraging companies to provide employment and vocational training to young people.
Since 2009, the EIB has provided €430mn to the private sector in Bosnia and Herzegovina, which has helped sustain over 90 000 jobs.
Related Articles
Financial Stability Board publishes recommendations on nonbank leverage risks
Global regulator, the Financial Stability Board, published final policy recommendations to address financial stability risks from nonbank financial intermediation leverage, giving authorities ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
17 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago