A senior unsecured loan of up to EUR 3 million, provided in one single tranche, to NLB Pristina for on-lending to eligible women-led MSMEs under the Western Balkans Women in Business Programme Phase II ("WB WiBP II").
The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement.
ETI score: 68
The project contributes to the objectives of the WB WiB Phase II, supporting the Inclusive and Competitive Transition Impact qualities:
Inclusive: The Project will contribute to women's economic inclusion by supporting access to finance and business advisory services for Women-led MSMEs', and aim to support the alleviationof the existing country-level gender access to finance gaps while demonstrating the business case for scaling-up lending to the women-led MSME segment.
Competitive: The project will contribute towards the competitiveness of the financial sector by ensuring a sustainable growth of NLBP's women-led MSME portfolio with a focus on the attraction of new clients, penetration into regional areas, and prudent underwriting procedures.
NLB PRISHTINA SH A
NLB Banka sh.a. ("NLB Prishtina", "NLBP") is the second largest bank on the market, holding a market share of 17% by total assets at YE 2021. Through its network of 34 branches/sub-branches and 463 employees, NLBP serves more than 347,000 clients across Kosovo.
EBRD Finance Summary
Total Project Cost
Additionality is achieved by combining the necessary long-term financing, in the form of a senior loan, through a holistic approach which includes non-TC grants to incentivise NLBP to further explore the underdeveloped women-in-business segment in the form of First Loss Risk Cover (FLRC) and TC grants to support partner financial institutions and women-led MSMEs.
Environmental and Social Summary
Categorised FI (ESP 2019). NLBP is an existing EBRD client and its performance to date for existing exposure to a TFP line has been satisfactory. NLBP will be taking on other lines (WiB and SME) which will require a broader consideration of the implementation of EBRD Performance Requirement 9 (PR9). This would include implementing the EBRD's E&S Risk Management Procedures for Corporate, SME and Micro Loans including adhering to the expanded EBRD E&S Exclusion List and Referral List introduced with ESP 2019 and submitting annual E&S reports to the Bank. Sub-borrowers financed through NLBP's loan will be required to comply with national environmental, health, safety and labour (EHSL) requirements. NLBP will be required to align existing procedures with EBRD E&S requirements and to nominate a person from senior management to have overall responsibility for implementing them. NLBP will provide ESD with the names of relevant credit risk appraisal staff who will be provided with access to the EBRD's E&S risk management training programme online. These requirements will be covenants in the loan agreement. The Project's use of proceeds or allocated multiple may include solar sub-projects. Such sub-projects will be managed in line with 'The Proposed Management Approach for Solar Supply Chain Risk Management' (CS/FO/21-35) and any subsequent guidance developed under that approach.
Technical Cooperation and Grant Financing
TC: The grants will be used to cover NLBP's capacity building and Advice for Small Business ("ASB")'s advisory support for women-led MSMEs. TC funds are provided by the Government of Sweden.
Non-TC: Risk sharing in the form of First Loss Risk Cover ("FLRC") of up to 10% of the WIB Loan, with a cap of 70% for any single sub-loan. Non-TC funds for FLRC are provided by the EBRD Shareholders Special Fund.
Company Contact Information
+383 (0)38 744 005
+383 (0)38 744 005
Rr. Ukshin Hoti nr. 124, KS-10000 Prishtinë, Kosove
PSD last updated
29 Nov 2022
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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).
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