Signing ceremony - EFSE Annual Meeting 2013
During a signing ceremony, which took place at the EFSE Annual Meeting on 6 June in Sarajevo, Bosnia and Herzegovina, EFSE Board Members Peter Reiniger and Marc Schublin signed loan contracts with four local partner lending institutions, providing additional lending facilities to financial institutions in Bosnia and Herzegovina for a total volume of EUR 18.5 million.
Microcredit Foundation MI-BOSPO from Tuzla was represented by Ms Nejira Nalić, who signed a EUR 1.5 million loan contract with EFSE. Over the next three years, MI-BOSPO will channel the credit line to loans exclusively directed at developing and improving business activities.
Member of the Management Board of Sberbank BH d.d. Sarajevo, Mr Denis Hasanić signed a EUR 10 million loan facility for the company. Of this amount, EUR 3 million will be dedicated to onlending for housing credit and EUR 7 million to onlending to micro and small enterprises.
Microfinance group Mikrofin received senior loans from EFSE for a total amount of EUR 7 million. Mr Srećko Bogunović of Mikrofin’s affiliate MFBanka signed a EUR 3 million deal as part of this, which will support MFBanka’s core activity of lending to micro and small enterprises.