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Western Balkans GEFF II - PCBA



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

12 Apr 2022



PSD disclosed:

12 May 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

Provision of a senior unsecured loan of up to EUR 3.0m (the "GEFF Loan") in three equal tranches of EUR 1.0m (second and third tranches will be uncommitted), under the Western Balkans Green Economy Financing Facility II (WB GEFF II).

Project Objectives

The loan is envisaged to provide financing for on-lending to the residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in Albania. The transaction will, thus, support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. 

Transition Impact

ETI score: 80

The project contributes to the objectives of the WB GEFF II, supporting the Green and Competitive TI qualities.

Green: The project will contribute towards building a green economy by facilitating the expansion of lending for investments into high performance residential green economy technologies.

Competitive: The project will contribute towards building a more competitive financial sector by building the capacity of the PFIs for financing green economy projects.

Client Information


PCBA, a subsidiary of ProCredit Holding, is a universal, SME-oriented bank with a 2.1% market share in terms of total assets. PCBA focuses on SME lending, green finance and digitalisation. 

EBRD Finance Summary

EUR 3,000,000.00

Total Project Cost

EUR 3,000,000.00


Combining the necessary long-term financing with technical support and targeted investment incentives into a package that promotes green investments.

Environmental and Social Summary

Categorised FI (ESP 2019). PCBA is an existing client previously with a risk sharing facility for agribusiness support and currently supported through the Resilience Framework. PCBA will be required to continue to comply with Performance Requirements 2, 4 and 9 and submit annual environmental and social reports to the Bank. PCBA will be required to apply the EBRD's Environmental and Social Risk Management Procedures for Corporate, SME and Micro Loans and the extended E&S Exclusion list and new Referral list introduced with ESP 2019. Eligible sub-projects under GEFF will be required to be in compliance with the national environmental, social, labour, health and safety legislation.

Technical Cooperation and Grant Financing

The project will be supported by a comprehensive technical assistance to PCBA and Sub-borrowers to facilitate the project preparation and successful implementation of the Programme. 

The TC fund for the proposed transaction is sourced from the SSF and the Government of Austria.

The source for non-TC funds is the EU through the Western Balkans Investment Framework ("WBIF").

Company Contact Information

Mirsad Haliti
+355 42 389 389
ProCredit Bank Albania “Dritan Hoxha” Nd.92, H15 Njesia Bashkiake Nr.11,Tirana, ZIP Code 1026

Implementation summary

PSD last updated

12 May 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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