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As stated by the EBRD, the project consists of a senior unsecured loan of up to EUR 5.0 million to Tirana Bank (TB) for providing sub-loans to small and medium-sized enterprises (SME) in Albania through the Sustainable Reboot SME Programme (Reboot SME).
The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in SMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, TB is currently the 6th largest bank in Albania by total assets and the 5th largest by loans, with market shares of 6.7% and 9.2%, respectively, as of end-3Q2024. Tirana Bank is a universal bank, with c.70 per cent of its loan book being in the corporate and c.30 per cent - in the retail sector. It operates through 33 branches located across the country, serves more than 140 thousand customers, and employs 564 staff.
Financial Intermediary - Tirana Bank:
Elvira Kapoli
Email: ekapoli@tiranabank.al
Phone: +355 4 22 77 667
Website: www.tiranabank.al
Address: Tirana Bank Sh.A. Rr. Ibrahim Rugova, P.O. Box 2400/1, Tirana, Albania 1019
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com 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: pcm@ebrd.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