| Project Detail |
This project was approved in the context of the Banks response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Banks President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Banks response to COVID-19, and this deviation, can be found on our website.
Provision of a EUR 1m loan to Sparkasse Leasing d.o.o. Sarajevo under the Competitiveness Support Programme - Western Balkans ("CSP-WB").
Project Objectives
This transaction will support the aim of the programme to: (i) improve SMEs access to finance in order to go beyond their normal operations and allow them to invest additional resources to introduce EU standards through the provision of financing and investment incentives; and (ii) increase the awareness and knowledge of SMEs about the benefits of compliance with EU standards. The loan is envisaged to provide financing to sub-borrowers for investments in vehicles and equipment that is designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers safety and product quality and safety. More specifically, sub-borrowers will use funds to lease trucks, semi-trailers, cold storage units, construction machines, and hybrid vehicles. At least 60% of the use of proceeds will be related to GET investments. |
