GGF and MF Banka Boost Green Finance in Bosnia and Herzegovina

The Green for Growth Fund (GGF) has formed a new partnership with MF Banka in Bosnia and Herzegovina to expand access to green finance for small, and medium enterprises (SMEs). A senior loan of EUR 5 million will be on-lent by the bank to businesses that want to implement energy efficiency and resource efficiency measures, as well as small scale renewable energy projects. 

MF Banka is part of Mikrofin Group, which has been a GGF partner since 2018. MF Banka plays an important role in serving the lower SME market segment, and with its extensive network and vast experience in financing energy and resource efficiency measures, the bank is well positioned to offer diverse green products to its large client base. This investment will be used predominantly to finance energy efficiency measures in manufacturing, specifically wood processing and food processing, construction, as well as transport.