1. The EBRD will support SMEs in Bosnia and Herzegovina with a €10 million credit line

    published on Thursday, August 30, 2012 under S.M.E.

    The European Bank for Reconstruction and Development (EBRD) will allocate a €10 million credit line to Intesa Sanpaolo Bank for on-lending to small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina.

    The European Bank for Reconstruction and Development (EBRD) announced its support to Bosnia and Herzegovina's real economy sector with a €10 million credit line to Intesa Sanpaolo Bank for on-lending to small and medium-sized enterprises (SMEs). Intesa Sanpaolo Bank is the fifth largest banking group in Bosnia and Herzegovina, with a nationwide network and a growing portfolio. In January 2012, EBRD and EIB welcomed the Triple-A rating by the Standard and Poor's agency.

    Under the EBRD’s Western Balkans and Croatia Financing Framework, the EBRD loan will assist Intesa Sanpaolo Bank in meeting the demand from private sector enterprises for external financing to support them during the economic crisis. The EBRD has provided Intesa Sanpaolo Bank with similar credit lines in the past, most recently a €20 million facility in 2010.

    Since the beginning of its operations in Bosnia and Herzegovina, the EBRD has committed more than €1.4 billion in over 100 projects in key sectors of the country’s economy, mobilising additional investments of more than €1.6 billion.

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