AASF-Procredit Bank Albania Risk Sharing Facility (EBRD-48326)

  • Albania
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 16.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 15,000,000.00
Converted using 2016-07-20 exchange rate.
Project Cost (USD)
$ 32.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 30,000,000.00
Converted using 2016-07-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 8, 2017

Disclosed by Bank Jun 17, 2016

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Project Description
The EBRD is providing an unfunded risk sharing facility of up to EUR 15 million to ProCredit Bank Albania (PCBA), covering up to 50% of a portfolio of eligible loans to the agribusiness sector in Albania. The proposed Project is the first unfunded risk sharing transaction under the Albania Agribusiness Support Facility (AASF). The overall objective of the Project is to promote and enhance access to finance for agribusinesses in Albania by addressing the financing gap as one of the main challenges for the sector's development.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
PROCREDIT BANK (ALBANIA) SH.A. is the 10th largest bank in Albania with a leading position in lending to SMEs and agricultural clients. With total assets of EUR 242m as of 31 March 2016 it accounts for 2.5% of banking assets in Albania. ProCredit Bank Albania is a member of the ProCredit Group, which is led by its Frankfurt-based parent company, ProCredit Holding. As the sole owner of ProCredit Bank Albania, ProCredit Holding holds 100% of PCBA shares.
Contact Information
ProCredit Bank Albania informacion@procredit-group.com 00355 42 389 389 www.procreditbank.com.al Rr. Dritan Hoxha; Nd. 92, H. 15, Njësia Bashkiake Nr. 11 Tirana, Albania ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.