Line of Municipality Stari Grad

BBI Bank, in cooperation with the Municipality Stari Grad, is offering financing for companies and entrepreneurs whose seat or business unit is located on the territory of this Municipality. For financings granted from this line, the Municipality will reimburse and subsidize the part of profit margin in the amount of 4.00% for each single financing, if subsequent monitoring determines that the financing beneficiary is complying with special conditions.

Financing beneficiaries can be all business entities seated or operating on the territory of Municipality Stari Grad and who 100% owned by BiH citizens, except for business entities who:

• have outstanding liabilities towards the Municipality Stari Grad, certified with Certificate of Department of economy and finance,
• perform activity in the area of fortune games, and
• perform activity of retail sale of guns and ammunition.

Short-term financings

• Period: up to 12 months
• Amount: up to 300,000.00 BAM
• Profit rate: 4.50% p.a.
• Amount of profit margin that is being subsidized by the Municipality: 4.00% p.a.
• Fee for the Application Form processing: 0.50% one-time, in advance
• Special requirement: to keep the number of employees on the same level within duration of financing.

Medium-term financings

• Period: up to 36 months
• Grace period: up to 6 months (included in the max. financing period)
• Amount: up to 300,000.00 BAM
• Profit rate: 5.99% p.a.
• Amount of profit margin that is being subsidized by the Municipality: 4.00% p.a.
• Fee for the Application Form processing: 0.50% one-time, in advance
• Special requirement: employment of at least one worker on each 100,000.00 BAM of financing within 9 months

Long-term financings

• Amount: up to 500,000.00 BAM
• Period: up to 60 months
• Grace period: up to 12 months (included in the max. financing period)
• Profit rate: 5.99% p.a.
• Amount of profit margin that is being subsidized by the Municipality: 4.00% p.a.
• Fee for the Application Form processing: 0.50% one-time, in advance
• Special requirement: employment of at least one worker on each 100,000.00 BAM of financing in recommended period of 12 months, with possibility that the employment deadline is determined according to the Business Plan of a legal entity