Credit line with fixed interest for micro, small and medium enterprises

25.05.2023. / 10:37

BANJALUKA – The leading bank for financing very small, small and medium-sized enterprises (MSMEs) in Bosnia and Herzegovina, ProCredit Bank, with the support of the World Bank, signed with the Investment and Development Bank of the Republic of Srpska the realization of a credit line in the amount of 10 million KM with a fixed interest rate. rate in order to support the operations of MSMEs in the country. The bank continuously launches initiatives with the aim of helping companies to find adequate financing in times of great economic challenges to preserve stability and improve operations. This credit line is one of those initiatives.

PHOTO: ProCredit Bank

Who meets the criteria?

The credit line is intended for MSMEs that have suffered at least a 20% drop in gross income or have difficult access to financing, and include women, young businesses and businesses in less developed regions. The credit line enables financing of MSMEs on favorable terms and with the interest rate fixed for a period of up to 12 years. In order to qualify for the loan, very small, small and medium-sized enterprises must have previous experience in the activity being financed and be owned by private legal and natural persons with more than 50% of the capital. Also, MSMEs must meet one of two criteria:

• MSMEs that had a decline in gross sales/income of at least 20% in the second quarter of 2020 compared to the second quarter of 2019 or a decrease in gross sales/income in the current fiscal year compared to the previous fiscal year or
• MSMEs owned by women, young companies (up to 5 years since establishment), and companies from less developed regions in BiH that have difficult access to financing.

Srđan Ožegović, a member of ProCredit Bank’s Management Board, says that this initiative is another step in ProCredit Bank’s effort to help companies find adequate financing in times of great economic challenges, in order to maintain stability and improve their operations. “ProCredit Bank has always been committed to supporting the development and growth of local businesses. By signing this credit line with the Investment and Development Bank of Republika Srpska, we demonstrate our commitment and effort to provide stability and business continuity for the MSME sector in the country. The fixed interest rate that we have agreed on will provide our clients with predictability and security, which is extremely important in these turbulent times,” emphasized Ožegović.

Partners of the Bosnian economy since 1997

This initiative is just one of many that ProCredit Bank has launched to ensure that clients have access to adequate financing and the resources they need to overcome challenges and achieve their full potential. Expertise, 26 years of experience and a global support network are a kind of guarantee of the bank’s efficiency in partnership with businessmen.

The bank, in accordance with its fundamental principles, pays special attention to support for women, young entrepreneurs and companies in less developed regions. Anyone interested in this credit line is invited to contact the bank’s officers, who will further guide them through all the necessary steps. steps.

You can find more information about credit lines and how to apply at www.procreditbank.ba or contact ProCredit Bank via e-mail [email protected] PR