1. SUBJECT OF THE CALL 

The subject of the call is the collection of requests from small business entities for the selection of beneficiaries of funding with subsidized profit margin in accordance with the conditions of this Public Call. 

 

2. RIGHT TO PARTICIPATE – USERS OF THE FINANCING LINE 

The applicant for financing with a profit margin subsidy can exercise the right to this financing only with one bank that was chosen by the Decision of the Government of the Canton of Sarajevo, number: 02-04-40914-6/24 dated September 5, 2024. year. The right to grant financing can be exercised by micro and small small business entities defined by the Law on Small Business Development Promotion 

– Micro entities of small businesses are natural and legal entities that employ an average of nine or fewer people per year and whose total annual income and/or whose total annual balance sheet is less than 3,900,000.00 KM and 

– Small business entities are natural and legal entities that employ an average of 10 to 49 people per year and whose total annual income and/or whose total annual balance sheet is less than 19,500,000.00 KM (“Official Gazette of Sarajevo Canton”, number: 29/15), as end-users of incentive funding who meet all the necessary conditions for the allocation of these funds, including the condition that based on the notification of the Statistical Service on the classification of activities according to the Classification of Activities of the KD BiH 2010 (“Official Gazette of BiH”, no. 47/10) is registered and actively performs basic activities within the following areas of activity, namely: 

– Area C: Manufacturing industry (10.11-10.92), 11.07, (13.10-18.20), (20.11-25.30) and (25.50-33.20); 

– Area D: Production and supply of electricity, gas, steam and air conditioning 35.11; 

– Area E: Water supply; waste water removal, waste management and environmental rehabilitation 38.11, 38.12, 38.21, 38.22, 38.31 and 38.32; 

– Area F: Construction (41.10-43.99); – Area G: Wholesale and retail trade; Repair of motor vehicles and motorcycles (45.11-45.40), (46.21-46.24), (46.31-46.33), (46.36-46.39), (46.41-46.77), 46.90, (47.11-47.24), 47.29 and (47.41-47.79) ; 

– Area H: Transportation and storage 49.31, 49.39, 49.41, 49.42, 52.10, 52.21, 52.23, 52.24 and 52.29; 

– Area I: Activities of providing accommodation and preparing and serving food (55.10-56.29); 

– Area J: Information and communications (58.11-63.99); 

– Area: M: Professional, scientific and technical activities (69.10-75.00); 

– Area N: Administrative and auxiliary service activities (79.11-79.90), (81.21-81.30), 82.11 and 82.20; 

– Area P: Education 85.10 and (85.51-85.60); 

– Area Q: Health care and social care activities (86.21-88.99); 

– Area S: Other service activities (95.11-96.04); 

 

Priority in realizing the right to incentive funding is achieved by micro and small business entities that state in the submitted application for credit (financing) that they will provide new employment. Funding incentives are intended for users of funds to ensure current liquidity, more productive operations and growth of economic activities, as well as for financing for permanent working capital. 

 

3. PURPOSE OF FUNDS 

The user of the funds undertakes to use the incentive funding in such a way that at least 50% of the approved amount is spent on fixed assets, and a maximum of 50% of the approved credit amount is spent on working capital and maintenance of current liquidity. The user of the funds is obliged to keep at least 70% of the number of employees he had on the day of submitting the request for financing. The user of the funds is obliged to ensure the new employment that he mentioned in the application for funding, if he thereby had priority in the process of realizing the right to incentive funding. 

 

4. CRITERIA FOR DETERMINING SELECTION OF FINANCING LINE USERS 

The basic criteria for selecting the beneficiary of the financing line are: 

– Type of activity; 

– Purpose of expenditure of funds; 

– Number of employees; 

– Increasing the number of employees; 

– More productive business; 

– Growth of economic activities and; 

– Formal – legally orderly documents for securing financing. 

 

5. INFORMATION ON THE TERM, PURPOSE, AMOUNTS AND AMOUNT OF THE SUBSIDY

– Approved financing per Beneficiary is limited to an amount of up to 2,000,000.00 KM, with a maximum repayment period depending on the type and amount of financing request of up to 84 months, with a grace period of up to 24 months, which period does not include the agreed grace period from 24 months. 

– The amount of the subsidized profit rate is 0% (2.84% before the subsidy). 

– The request processing fee is 0.00%

– The request processing fee is 0.00%. 

– Special conditions for the payment of the subsidy are: orderly settlement of all obligations for taxes and contributions, retention of at least 70% of the number of employees compared to the date of submission of the application for financing, provision of new employment specified in the application for financing if this has achieved priority in realizing the right to incentives funds and orderly settlement of due obligations for financing, which is the responsibility of the Bank. Subsidies are calculated and paid out quarterly, based on previously performed monitoring 

 

6. REQUIRED DOCUMENTATION 

When submitting a request for financing, the applicant of this request is obliged to submit a statement that this request for financing is the only request that he submitted in the line of financing from paragraph 1 of this article, that is, that he did not submit the request for financing in this line of financing to any other selected bank By decision of the KS Government from Article 2 of the Public Call. 

Required documentation for the application of legal entities: 

– Request defining the purpose, amount and repayment term of financing, expected effects in employment, according to the business plan; 

– Decision on registration in the court register with all amendments; 

– Current extract from the court register not older than 90 days; 

– Statute and Decision on the establishment of the company; 

– Tax registration certificate from the Tax Administration

– ID number;

– Certificate of registration of value added tax payer 

– VAT number; 

– Notification of the competent Statistics Service on the classification of legal entities according to KD 2010 activities; 

– Certificate of the Tax Administration on settled direct taxes with the mandatory List of insured persons for the obligor on the date of submission of the application for the issuance of the certificate in question, not older than 30 days from the date of submission of the application for approval of financing; 

– Certificate from the Indirect Taxation Administration on settled indirect taxes, not older than 30 days; 

– Copy of identity card and CIPS for persons authorized to represent; 

– Statement on related parties; 

– Consent to check the Central Credit Register (CRK); 

– External auditor’s report (only for joint-stock companies); 

– Business plan, projected balance sheets and cash flows for the financing repayment period; 

– Balance sheet and income statement for the previous two years, and preliminary financial indicators for the current period; 

– Documentation for securing financing and instruments for securing financing (collateral) determined by the Bank, in accordance with its business policy and depending on the client’s creditworthiness; and 

– At the request of the Bank and other documents in accordance with the internal acts of the Bank

 

7. DEADLINES

The receipt of financing requests, the processing process and approval of financing from the funds of this financing line will be carried out by BBI Bank within 30 days from the date of submission of the financing request. With the approval of the Ministry of Economy of Sarajevo Canton, BBI Bank concludes the contract with the Beneficiary of the funds, within 30 (thirty) days from the date of the submitted request for financing. 

8. PLACE AND METHOD OF SUBMITTING REQUESTS 

Requests for financing with the necessary documentation are submitted in sealed envelopes marked: “Request for financing from the line of the Canton of Sarajevo” personally to the protocol or by registered mail, to the address: BOSNA BANK INTERNATIONAL d.d. Sarajevo, Trg djece Sarajeva bb, 71000 Sarajevo or by e-mail: linijakantonasarajevo@bbi.ba. 

9. AGREEMENT WITH FINANCING USERS 

The receipt of requests, the process of analysis, processing and approval for financing from the funds of the financial line will be carried out in accordance with the regular procedures of BBI Bank. Financing agreements with the beneficiaries of funds will be concluded by BOSNA BANK INTERNATIONAL d.d. Sarajevo. The contract will define the mutual obligations and rights of the contracting parties, as well as the way of using the financing. Monitoring by BBI Bank on a quarterly basis is mandatory for all financing. Monitoring is carried out until the end of the next quarter for the previous quarter. The user of the funds is obliged to submit and regularly submit all the necessary documentation to BBI Bank for the purpose of proof of fulfillment of the conditions of the contract concluded between BBI Bank and the User of funds for exercising the right to a subsidized profit rate. 

10. OTHER 

In the process of submitting a request based on a public call, BBI Bank does not bear any costs to the participants, and reserves the right to completely reject the request in case of justification. Submitted documentation will not be returned. 11. INFORMATION Additional information before submitting the request during the public call can be obtained by calling the following telephone numbers: 033 275-507 and 033 275 240 or by e-mail: linijakantonasarajevo@bbi.ba