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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).

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