EBRD, EU and Sparkasse Bank unlock €20 million in financing for small businesses in Bosnia and Herzegovina
Bosnia and Herzegovina, Sept. 15 -- The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are strengthening their support for small businesses in Bosnia and Herzegovina through a new risk-sharing facility with Sparkasse Bank that will help unlock up to €20 million in fresh financing for micro, small and medium-sized enterprises (MSMEs).The EBRD will provide a €10 million unfunded portfolio guarantee covering 50 per cent of the credit risk on a newly generated portfolio of MSME loans originated by Sparkasse Bank. By sharing the risk, the EBRD and EU will help Sparkasse Bank to strengthen its resilience and expand lending to businesses while optimising the use of its capital.Backed by technical as...
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