EBRD Approves EUR 8 mln Loan to Bosnia's Sparkasse Bank

Banking

The European Bank for Reconstruction and Development said on Monday it has approved an EUR 8 million loan to Sparkasse Bank, the Bosnian unit of Austrian group Steiermärkische Sparkasse, to help local small and medium-sized businesses (SMEs) become more digitalized and competitive.

The senior unsecured loan has a maturity of three years, including one year of grace period, the EBRD said in a project summary document.

The funding would be provided under the Go Digital program, which aims to allocate EUR 40 million to SMEs in Bosnia via partner banks and is supported with donor funds in the total amount of EUR 9 million from the European Union.

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