Bosnia and Herzegovina is set to receive a €20 million credit line to support green investments, following a deal signed between Intesa Sanpaolo Bank and the German development bank KfW.
The agreement, made on behalf of Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), is part of the Low Carbon Energy Facility BiH and will target micro, small, and medium-sized enterprises (MSMEs) as well as local governments.
Michele Castoro, CEO of Intesa Sanpaolo Bank BiH, said the programme marked a new phase in the bank’s commitment to sustainable development.
He stated that the initiative would significantly support the transition toward a low-carbon economy in Bosnia and Herzegovina, adding that it underlined the bank’s role as a financial partner in key environmental efforts.
Hille Henebry of KfW noted that supporting MSMEs investing in energy efficiency and renewables remained central to KfW’s mission in the region.
She said the programme would contribute to the Green Agenda and help reduce CO₂ emissions, describing the initiative as one of the most effective tools for driving decarbonisation and strengthening local businesses.
