EBRD mulls 2 mln euro loan for Bosnian unit of Intesa Sanpaolo

Photo: EBRD

SARAJEVO (Bosnia and Herzegovina), October 7 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is considering providing a senior unsecured loan of up to 2 million euro ($2.3 million) to the Bosnian unit of Italian banking group Intesa Sanpaolo for residential green investments.

The loan, which is pending a final review, would be extended in two equal tranches under the Western Balkans Green Economy Financing Facility (GEFF) II, the EBRD said in a project summary description on Wednesday.

The second tranche would be uncommitted and its commitment would be in the EBRD's sole discretion. The loan would be fully guaranteed by the bank's owner, Intesa Sanpaolo.

Sarajevo-based Intesa Sanpaolo BiH is the third largest lender in Bosnia, with assets totalling 1.19 billion euro and a 9.6% market share by total assets as at the end of 2020, the EBRD noted.

GEFF is a 135 million euro programme co-financed by the EU, he Austrian Federal Ministry of Finance, and bilateral donors to the Western Balkans Investment Framework (WBIF). It is implemented n partnership with the Energy Community Secretariat under the umbrella of the Regional Energy Efficiency Programme for the Western Balkans (REEP Plus).

($ = 0.8645 euro)

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