FIF - Regional SME CSP - Raiffeisen Leasing Kosovo



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

07 Jun 2022



PSD disclosed:

08 Jun 2022

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Senior unsecured loan to RLK in the amount of up to €3 million for on-lending to local small and medium-sized enterprises (SMEs) in Kosovo through the SME Competitiveness Support Programme (SME CSP).

Project Objectives

The Loan will support investments in micro, small and medium-sized enterprises in Kosovo that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. At least 60 per cent of the loan proceeds are expected to be utilised for GET eligible investments.

Transition Impact

ETI score: 60

The project contributes to the objectives of the Regional SME-CSP, supporting the Competitive and Resilient TI qualities.

Competitive: The project will contribute towards: (i) supporting SMEs in accessing finance towards EU standards investments; and (ii) assisting SMEs to access advice and know-how for introducing and implementing EU standards and becoming competitive. 

Resilient: Sub-borrowers will be expected to be commercially viable, which will be reflected in the strong underwriting expertise and adequate portfolio quality of RLK.

Client Information


Raiffeisen Leasing Kosovo (RLK) is part of the Raiffeisen Group and is the dominant leasing company in Kosovo. RLK offers both financial and operating leases.

EBRD Finance Summary

EUR 3,000,000.00

Total Project Cost

EUR 3,000,000.00


The EBRD loan will provide financing and technical cooperation which will help to address issues of limited availability of medium-term financing in order for SMEs to introduce standards in line with EU directives and increase the awareness and knowledge of SMEs about the benefits of compliance with EU standards.  

Environmental and Social Summary

Categorised FI (ESP 2019): Raiffeisen Leasing Kosovo is an existing client of the Bank. Reporting by the client has confirmed that the Company has in place the necessary environmental and social (E&S) policies, procedures and risk assessment tools in line with the Bank's E&S requirements. Raiffeisen Leasing Kosovo will be required to continue to comply with PRs 2, 4 and 9 and implement sub-projects in accordance with the EBRD's Environmental and Social Procedures for Leasing; and submit to EBRD an Annual Environmental and Social Report.

Technical Cooperation and Grant Financing

TC: The TC will include support from the SME CSP Programme Consultants that will include a Project Consultant assisting with the implementation, marketing and monitoring of the Programme and a separate Verification Consultant that will carry out the verification of the technical implementation of the investments by the Sub-borrowers before the incentive payment is released.

Non-TC: EUR 0.45mln for investment incentives to Sub-borrowers for the implementation of eligible investments in line with the SME CSP Policy Statement. 

The co-investment grant and TC resources are provided by the European Union.

Company Contact Information

Fatos Karaçica
+381(0)38 22 22 22 687
Raiffeisen Leasing Kosovo L.L.C Str.UCK 222, Qafa, Prishtina 10000, Kosova

Implementation summary

PSD last updated

08 Jun 2022

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 EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social 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 additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from 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 activities of the Bank 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 Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. 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 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 following its entry into force on 1 January 2020. 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 (e.g. 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 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; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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