OPEC Fund €20mln loan to promote access to finance for local businesses in Albania zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
EBRD and RBI to boost lending opportunities in Albania ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
EBRD teams up with Raiffeisen to mobilise lending in Albania
EBRD teams up with Raiffeisen to mobilise lending in Albania
New instrument backs new loans at a multiple of the guarantee amount
Innovative Covid-19 crisis response with large-scale commitment to green lending The European Bank for Reconstruction and Development (EBRD), Raiffeisen Bank International (RBI), and Raiffeisen Bank Albania (RBAL) are joining forces to unlock lending to Albanian businesses as the country faces the economic impact of the coronavirus pandemic. Under the innovative new Guarantee for Growth mechanism, the EBRD is providing RBAL with an unfunded guarantee for up to €100 million in local currency equivalent linked to the bank’s local currency sovereign bond portfolio. In return, RBAL will use the freed-up risk-taking capacity from this commitment to increase lending to the real economy at a multiple of the guarantee amount.