EBRD and EU boost resilience of small businesses in Bosnia and Herzegovina
EBRD and EU boost resilience of small businesses in Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD) is providing a €10 million loan to Intesa Sanpaolo Bank in Bosnia and Herzegovina for on-lending to small and medium-sized enterprises for investments in competitiveness and measures to overcome the economic downturn accompanying the COVID-19 pandemic.
In addition to loans, SMEs will benefit from tailored technical assistance for project preparation and implementation, as well as grant incentives worth up to 15 per cent of the total loan amount on successful project completion. The technical assistance and grants are funded by the European Union through the Western Balkans Enterprise Development and Innovation Facility.
Photo Credit: The European Bank for Reconstruction and Development (EBRD)
