As stated by the EBRD, the project consists of the provision of up to EUR 20 million of an unfunded Guarantee for Growth (G4G) in favour of Raiffeisen Bank Kosovo JSC (RBKO), a joint stock company incorporated in Kosovo. The Guarantee will have an initial tenor of three years.
The Guarantee covers the risk of non-payment of selected Kosovo government bonds held by RBKO, enabling the client to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 20% of the guaranteed amount will be allocated towards Green Economy Transition eligible sub-projects.
As stated by the EBRD, RBKO is an existing EBRD client and the largest bank in Kosovo with an asset base of EUR 1.4 billion and a loan portfolio of EUR 900 million, representing a market share of ca. 20% by total assets and net loans as of end-June 2023. RBKO offers a comprehensive range of products to individuals, MSMEs, and corporates with a network of 36 branches in Kosovo and more than 900 employees.
RBKO is a fully-owned subsidiary of Raiffeisen Bank International AG (RBI) via holding company Raiffeisen SEE Region Holding GmbH, Austria.
Financial Intermediary - Raiffeisen Bank Kosovo JSC:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
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: email@example.com or you can submit a complaint online using an online form at: 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