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EBRD partners with ProCredit Bank Albania to boost MSME lending in Albania

Nov 18, 2024•over 1 year ago

Contract Type

partnership

AlbaniaFinancial ServicesFinanceFintechLendingBanking

Description

The European Bank for Reconstruction and Development (EBRD) is teaming up with ProCredit Bank Albania to extend €6 million for on-lending to micro, small, and medium-sized businesses (MSMEs) in Albania. The financing under the SME Reboot Programme aims to support local firms in adopting green technologies, new working standards, and complying with international standards to enhance their competitiveness in the domestic and international markets.

Company Information

Company

European Bank for Reconstruction and Development (EBRD) and ProCredit Bank Albania

Location

Albania

About

EBRD is a multilateral development bank that promotes transition to market economies. ProCredit Bank Albania is a leading bank focusing on lending to small and medium-sized enterprises (SMEs) in Albania.

Predictive Intelligence
Strategic

ML-powered predictions for European Bank for Reconstruction and Development (EBRD) and ProCredit Bank Albania's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months