Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

19 Oct 2004



PSD disclosed:

18 Jun 2004

Project Description

The proposed project will consist of credit lines to partner banks (PBs) and leasing companies (PLCs) for on-lending to SMEs and Technical Cooperation (TC) to assist the banks in strengthening their SMEs risk appraisal and monitoring capabilities. The objectives of the Framework is to support the Western Balkans in the transition to a market economy by strengthening the financial sector and by increasing SMEs access to finance via the existing banks and leasing companies. These objectives will be achieved by providing medium-term and working capital financing to SMEs and by assisting the PBs and PLs to incorporate high quality SME lending as an integral part of their on-going business activities. The EBRD will provide finance, while the EC and other donors will provide funds for TC.

Transition Impact

Transition impact will be achieved by introducing and establishing a sustainable SME finance business in the participating financial institutions and thereby demonstrating to other financial institutions in the region that SMEs can be a profitable and attractive customer segment. The Framework has the potential to unlock PBs own resources for SME finance, increasing access to credit for SMEs, thereby providing them with funds needed to growth.

The Client

Banks and leasing companies in Albania, Bosnia and Herzegovina, FYR Macedonia, Serbia and Montenegro, Kosovo.

EBRD Finance

€ 50 million

Project Cost

€ 50 million

Environmental Impact

Under the Framework partner banks and leasing companies are required to apply the Bank's environmental procedures. In implementing these procedures, the banks and leasing companies will assess potential environmental issues associated with their customers, who are required to comply, at a minimum, with national health, safety, environmental and public consultation requirements. Under the Framework partner banks and leasing companies will submit annual environmental reports to the Bank.

Technical Cooperation

TC funds will be used for institution building programs, this will include development of lending procedures and credit analysis and organizational changes to suit SME lending, training of bank staff, introduction of appropriate MIS and marketing strategy.

Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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