EBRD supports green residential investments in Bosnia and Herzegovina

The EBRD is providing a senior loan of up to €4 million to Mikrofin Banja Luka under the Western Balkans Green Economy Financing Facility (GEFF) III – REPower Residential Programme. All funds will be used to support energy‑efficiency and renewable‑energy investments, with 100% of the proceeds classified as green finance. Mikrofin is embarking on its fourth GEFF project with the EBRD, cementing its position as one of the leading implementing partners in Bosnia and Herzegovina, having successfully channelled €6 million to end‑borrowers under previous GEFF I and GEFF III programmes.

The proceeds of the loan will be lent on to households and housing associations to support investments in high‑performance energy‑efficiency technologies and eligible renewable‑energy solutions. The programme is designed to help reduce energy consumption and carbon emissions while lowering energy costs for end-users.

Accelerating the green transition in the Western Balkans is critical, particularly in the residential sector, which remains one of the most energy- and carbon-intensive segments of the economy. This financing will enable the deployment of advanced technologies that exceed prevailing national standards, reducing emissions while enhancing energy efficiency and long-term climate resilience.

The loan will be complemented by a comprehensive package of technical cooperation and investment incentives funded by the European Union (through the Western Balkans Investment Framework) and the Japan‑EBRD Cooperation Fund. This support includes capacity building for Mikrofin, market development activities, and targeted incentives for end borrowers, helping to accelerate the uptake of green investments.