EU guarantees to unlock some EUR 102 million for small and medium enterprises in BiH

SARAJEVO, April 15 (FENA) - The European Investment Fund (EIF), part of the EIB Group, has signed portfolio guarantee agreements with 11 banks and financial intermediaries in the Western Balkans economies. Funded under the European Union’s WB EDIF (Western Balkans Enterprise Development and Innovation Facility) Guarantee for SME Resilience Initiative, these agreements will enable local banks and financial institutions to build a portfolio of SME loans for an aggregate amount well above €750 million, along with those yet to sign in the first half of 2024.