Procredit Bank In Bosnia And Herzegovina To On-Lend EBRD Funds For SME Tech Investments

2025-04-12 03:12:38

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 12. The European Bank for Reconstruction and Development (EBRD) is extending a 3 million euro loan to ProCredit Bank in Bosnia and Herzegovina to support small and medium-sized enterprises (SMEs) investing in digital and automation technologies, Trend reports.

The financing is part of the EU-supported“Go Digital in the Western Balkans” program, which aims to enhance innovation and competitiveness in the private sector. In addition to loans, SMEs will receive grant incentives covering 10% of the loan amount, funded by the European Union.

This marks the third such EBRD loan to ProCredit Bank under the program, reflecting the increasing demand for digitalization support among SMEs in the country.

During a visit to ProCredit Bank, EBRD Managing Director for Financial Institutions Francis Malige discussed the Bank's ongoing financial sector activities in Bosnia and Herzegovina and priorities for the coming period.

Alongside digital investments, the initiative also targets green technologies to support businesses in adopting more sustainable practices aligned with EU standards. It also promotes inclusive growth by ensuring women-led enterprises have equal access to finance.

To date, the EBRD has invested over 3.3 billion euros in Bosnia and Herzegovina across 244 projects.

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