Sberbank Loan of 20 Million Dollars

The International Finance Corporation (IFC), member of the World Bank Group, has approved a Sberbank loan of 20 million dollars to finance clients in B&H that deal with export and import. With this credit line, Sberbank will expand its product offerings and financial support to corporate clients in B&H that are active in international trade, helping these firms gain access to new markets, expand business and create new jobs.

President of the Board of Sberbank B&H Edin Karabeg said that this credit line would significantly improve the capacity of the bank to support trade activities of current and future clients, announced IFC.

The Director of IFC for Europe and Central Asia Tomaž Telma stressed that the IFC is committed to offer support to private sector development in B&H, and that partnership with Sberbank is an important part of that strategy.