EUR/ EBRD SME COMPETITIVENESS SUPPORT FACILITY: HELPING SMES IN BOSNIA AND HERZEGOVINA MEET EU STANDARDS
Published on: 14-11-2016
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A general problem for investments of this nature is a lack of awareness by SMEs of the applicable
regulations and compliance standards, coupled with limitations of access to suitable medium/long
term financing. In order to overcome the various barriers to such upgrade investments by SMEs,
EBRD is providing credit lines to Partner Banks ("PBs") in Bosnia and Herzegovina for on-lending
to SMEs (the "sub-borrowers") for eligible investments (the "Project").
EBRD is expected to provide financing of EUR 20 million to three local PBs. The maximum
sub-project size under the Facility is EUR 1,000,000 but a lower average is anticipated. Ian Brown,
EBRD Head of Bosnia and Herzegovina, says: “We are very proud of this important programme which
allows us to address key issues facing local businesses in a targeted and focused way. It
demonstrates what the EU and EBRD can do working together and will set standards in
easily accessible support in areas where it is much needed...(link)
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