EIB to accelerate recovery of SMEs in Bosnia

World

The European Investment Bank and UniCredit A.D. Banja Luka have signed an agreement to provide up to EUR 50 million financing for small and medium enterprises (SMEs) and Mid-Caps in Bosnia and Herzegovina (BiH) to help them meet the challenge of recovering from the COVID-19 crisis, the EIB announced.

The loan will help companies to overcome the financial constraints brought about by the pandemic, maintaining liquidity and jobs.

This is the third credit line provided by the EIB in support of companies in Bosnia and Herzegovina under the Team Europe financial package for COVID-19 recovery of the Western Balkans.

With the new loan signed Tuesday, the total EIB financing for COVID-19 recovery provided to SMEs in Bosnia and Herzegovina since the start of the pandemic will reach EUR 95 million. 

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