EBRD approves EUR 4 mln loan to Bosnian microfinance firm for residential green investments

Banking

The European Bank for Reconstruction and Development (EBRD) said it has approved a senior unsecured loan of up to EUR 4 million (USD 4.6 million) to Bosnia's Partner MKF Tuzla for residential green investments, according to a report by WBIF.eu.

The loan will be extended in two equal tranches under the Western Balkans Green Economy Financing Facility (GEFF) II, the EBRD said in a project summary description on Monday.

The second tranche would be uncommitted and its commitment would be in the EBRD's sole discretion. PMF is the third-largest non-deposit microfinance institution in Bosnia. GEFF is a EUR 135 million program co-financed by the European Union, the Austrian Federal Ministry of Finance, and bilateral donors to the Western Balkans Investment Framework (WBIF).

ADVERTISEMENT

Insurers' Premiums Revenue Climbs 5% in 2023 Figures

Insurers' Premiums Revenue Climbs 5% in 2023

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.