Ministry of Economy of Canton Sarajevo and BBI Bank sign a Contract on business cooperation: 40 million BAM for the Canton Sarajevo economy

Ministry of Economy of Canton Sarajevo and BBI Bank sign a Contract on business cooperation: 40 million BAM for the Canton Sarajevo economy
A cooperation between the Ministry of Economy of Canton Sarajevo and Bosna Bank International enabled a creation of a favorable financial line for business entities registered in the Canton Sarajevo area. Minister of Economy Muharem Šabić and the Director of BBI Bank Amer Bukvić signed a Contract on Business Cooperation. This will be a project that will enable financing on favorable terms (1,89% interest rate) to the business entities in the Canton Sarajevo.
For the realization of this Contract, the Bank has provided means in the amount bigger than 40 million BAM (40,890,000.00 BAM). The Ministry will provide an amount of nearly 2 million BAM (1,930,000.00 BAM).
Users of this financial line will be able to take a loan up to 1 million BAM and they will be able to pay the credit on 36 to 84 installments. “
“Manufacturing businesses and especially businesses that are export oriented, will have priority in getting credit funds”, said Minister Muharem Šabić. As he said, small business entities, natural have the right to get funds on this line of credit.
He also explained that Ministry selects the end users based on the criteria from the public call and based on the development programs/projects that enable the creation of a stimulating business environment for the creation of new and development of old business entities, and creation of new workplaces.
Director Bukvić highlighted that in this hard economic time and high unemployment rate, BBI Bank continues to provide the necessary support to the economy.
“The financial line that we are implementing alongside the Canton Sarajevo is a good model for cranking up the economy. Our strategic orientation is supporting the economy of BiH and supporting the development of small and medium enterprises. Small and medium enterprises are the bearers of every market economy development and this is the reason why this kind of clients are in our focus. We are glad that, with the implementation of this line of credit, we will create new workplaces in the area of Canton Sarajevo through increasement of production volume and business opportunities of small and medium enterprises”, said the Director of the BBI Bank, Mr. Bukvić.
BBI Bank is trying to help the local businessmen to find their market and in that way to foster the economy of our country through these kind of financial lines and through Sarajevo Business Forum.