The bank will finance the projects through a EUR 44m loan from Kreditanstalt für Wiederaufbau (KfW), the German development bank, SID Banka said in a press release.

Banks NKBM, Banka Celje, Banka Koper, Factor banka and Probanka can grant loans of up to EUR 3m per SME whose annual turnover does not exceed EUR 50m for environmental projects, especially in water management and waste management.

Companies can also get loans for financing renewables and efficient use of energy as well as for environmentally friendly production or products.

Banks have to give out the loans to SMEs within three months or return the funds