Bosnia’s coal mining firm, Banovici, has announced its intention to secure a one-year revolving loan totaling 3 million Bosnian marka (approximately $1.7 million or 1.5 million euros). The estimated value of the loan agreement, excluding taxes, stands at 133,930 Bosnian marka. This announcement was made through a tender posted on Bosnia’s e-Procurement portal and comes with a submission deadline set for September 19.
As of the most recent data available from the Sarajevo Stock Exchange, the government of Bosnia’s Federation entity holds a 69.5% stake in Banovici. The company’s shares were last traded on the Sarajevo bourse on June 9, experiencing a 20% decline and closing at 10.8 Bosnian marka on that day.
It’s important to note that Bosnia consists of two autonomous entities: the Federation and the Serb Republic.
(Conversion rate: 1 euro = 1.95583 marka)