EBRD and EU boost digitalisation in Bosnia and Herzegovina
Bosnia and Herzegovina, April 11 -- The European Bank for Reconstruction and Development (EBRD) is providing €3 million to ProCredit Bank in Bosnia and Herzegovina to on-lend to small and medium-sized enterprises (SMEs) for investments in digital and automation technology. The loan is being made under the European Union (EU) supported Go Digital in the Western Balkans programme, which aims to drive innovation, competitiveness and sustainable growth in the private sector.In addition to loans, SMEs will benefit from grant incentives of 10 per cent of the loan amount, funded by the EU.Francis Malige, EBRD Managing Director for Financial Institutions, met ProCredit Bank management and discussed the EBRD's activities in the financial secto...
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