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).
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.
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.
RAIFFEISEN LEASING KOSOVO LLC
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
Total Project Cost
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
+381(0)38 22 22 22 687
Raiffeisen Leasing Kosovo L.L.C Str.UCK 222, Qafa, Prishtina 10000, Kosova
PSD last updated
08 Jun 2022
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