17 BBI Bank and the Ministry of Economy of Sarajevo Canton signed a new joint agreement on the line of incentive financing intended for small businesses. This significant support is part of the Small Business Development Program and was created with the aim of facilitating access to financial resources necessary for business development of these companies.

Successful long-term joint cooperation fully met the expectations of clients

For the fourth year in a row, BBI Bank and the Ministry of Economy of KS have been working long-term to support businessmen from the Sarajevo Canton, small and medium-sized enterprises for bolder investments in business and investment and development of new products or services. The previously signed line of financing, valid until the end of the month of this year, has already been realized in its entirety in the amount of 49.5 million KM, which the Bank provided and fulfilled the expectations of this Program, authentically contributing to BiH. the economy and the business community in which it operates. This is best evidenced by satisfied existing clients of BBI Bank, users of the Program.

New line 2023/2024 – financing with subsidized profit rate costs

Financing at a rate of 0 percent

The total value of the new contracted financing line provided by BBI Bank for the period 2023/2024. year, amounts to 23.5 million KM, while the profit rate subsidy of the Ministry of Economy of KS amounts to 1.5 million KM. Thus, future users of this type of financing will have available financing at a rate of zero percent. When submitting the requests in question, the users will not have processing costs, and they also have the option of contracting a deferred repayment period of 9 months. The maximum individual amounts of financing that business users will be able to apply for are 2 million KM, for a repayment period of up to 7 years.

Small economy as a pillar of economic activities

In this way, the total costs of borrowing for business entities are reduced, they are enabled to access capital on more favorable terms, which in the long term can lead them to innovation and improvement of competitiveness, creation of new jobs and encouragement of innovation.

Interested entrepreneurs will be able to get more information and apply for financing by publishing a Public Call, which will soon be published in the media, on the website of BBI Bank and the Ministry of Economy.198