The European Bank for Reconstruction and Development (EBRD) will
lend €72m to the Bosnian and Ukrainian subsidiaries of Austrian
banking group, Raiffeisen International in support of small and
medium size enterprise (SME) lending and leasing activities in both
countries.
Raiffeisen Bank Bosna i Hercegovina (RBBH), the country’s
leading bank by assets, will receive €30m to continue to focus on
SMEs located across the country and to increase the availability of
SME financing with longer maturities, the EBRD said in a
statement.
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The bank will lend a further €10m to Raiffeisen Leasing Bosna i
Hercegovina (RLBH), the second largest leasing company in the
country, to continue to finance leases for small and medium-sized
enterprises in amounts of up to €125,000.
The loan will provide RLBH necessary financial support to
increase the availability of lease financing at longer maturities
for the purchase of fixed assets by Bosnian SMEs.
“The loans to RBBH and RLBH mark the launch of the extended and
expanded EBRD Western Balkans and Croatia Financing Framework, a
€250m multi-client, multi-product framework aimed at providing
partner financial institutions in the region with a full range of
financial products, including micro and SME credit lines, mortgage
financing, consumer finance, leasing finance, guarantee facilities,
syndicated loans, subordinated debt and equity investments,” the
EBRD said.
The EBRD also said the second largest bank in Ukraine,
Raiffeisen Bank Aval, will receive a $50 million (€32 million euro)
mortgage loan to finance residential mortgage loans in the
country.
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By GlobalDataElsewhere, the EBRD has also extended $75m (€48m) to UkrSotsBank
in Ukraine, a subsidiary of the UniCredit Group, for financing long
term mortgages.
The EBRD is the largest investor in Central and Eastern Europe
and the Commonwealth of Independent States, having invested more
than €36bn for a total value of projects of more than
€116bn.
