AASF-Procredit Bank Albania Risk Sharing Facility

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The EBRD is providing an unfunded risk sharing facility under the Albania Agribusiness and Tourism Support Facility (AATSF) of up to EUR 35 million to ProCredit Bank Albania (PCBA), covering up to 50% of a portfolio of eligible loans to the agribusiness and tourism sectors in Albania. The Project benefits from;

First Loss Risk Cover (FLRC) contributed by the Government of Albania,
Investment incentives provided by the Government of Albania for the agribusiness and the EU - for the tourism sectors, and
Technical assistance to: (i) PCBA, for capacity building in lending to agribusinesses and tourism, in addition to incentive verification and promotion of the uptake of the AATSF facility, and (ii) PCBA's existing and potential agribusiness and tourism clients for advisory services.

Project ID 48326

Status Signed

Location

Albania

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

ProCredit Bank Albania
informacion@procredit-group.com
00355 42 389 389
www.procreditbank.com.al
Rr. Dritan Hoxha; Nd. 92, H. 15, Njësia Bashkiake Nr. 11 Tirana, Albania

Project ID 48326

Status Signed

Location

Albania

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

20 Jul 2016

Disclosure date

19 Aug 2016

Project description

First Loss Risk Cover (FLRC) contributed by the Government of Albania,
Investment incentives provided by the Government of Albania for the agribusiness and the EU - for the tourism sectors, and
Technical assistance to: (i) PCBA, for capacity building in lending to agribusinesses and tourism, in addition to incentive verification and promotion of the uptake of the AATSF facility, and (ii) PCBA's existing and potential agribusiness and tourism clients for advisory services.

Project objectives

The overall objective of the Project is to promote and enhance access to finance for agribusinesses and tourism SMEs in Albania by addressing the financing gap as one of the main challenges for the sectors' development.

Transition impact

ETI Score:60

rovides financing to agribusiness and tourism related SMEs in a strategic and comprehensive manner to overcome various barriers of access to finance, supporting Resilient and Competitive qualities.

Client information

PROCREDIT BANK ALBANIA SHA

ProCredit Bank Albania is the 10th largest bank in Albania with a leading position in green financing and lending to SMEs, in particular in the agriculturesector. PCBA holds 2.3% market share in terms of total assets as of end Q3 2023. The bank is a member of ProCredit Group, which is led by its Frankfurt-based parent company, ProCredit Holding AG. As the sole owner of ProCredit Bank Albania, ProCredit Holding AG holds 100% of PCBA shares.

EBRD Finance Summary

EUR 35,000,000.00

Up to EUR 35 million.

Total project cost

EUR 70,000,000.00

Up to EUR 70 million.

Additionality

Additionality derives from the Facility addressing the gap in the available financing for agribusinesses and tourism sectors' SMEs. The FLRC and the risk-sharing on a portfolio basis are innovative instruments in the Albanian market.

Environmental & Social Summary

Categorised FI under the EBRD's Environmental and Social Policy 2014. The participating financial institutions under the Agribusiness Support Facility will be required to adopt and implement EBRD's Environmental and Social Risk Management Procedures in line with Performance Requirements (PRs) 2, 4 and 9 and submit Annual Environmental and Social Reports to the Bank on the implementation of the E&S Procedures and the PRs.

Technical Cooperation and Grant Financing

The Project is accompanied by a comprehensive technical cooperation package to provide support to PCBA for capacity building, incentive verification and promotion of the facility in the local market. In addition, advisory services to the sub borrowers has been and will continue to be provided by the Advice for Small Business Team with the aim of facilitating access to know-how.

Company Contact Information

ProCredit Bank Albania
informacion@procredit-group.com
00355 42 389 389
www.procreditbank.com.al
Rr. Dritan Hoxha; Nd. 92, H. 15, Njësia Bashkiake Nr. 11 Tirana, Albania

PSD last updated

10 May 2024

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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AASF-Procredit Bank Albania Risk Sharing Facility

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)