FIF - Go Digital in WB - PCBA (EBRD-56614)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Albania
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 19, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ProCredit Bank Albania (PCBA) ShA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Energy
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 3
Converted using 2025-08-19 exchange rate.
Loan Amount (USD)
$ 3.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 3
Converted using 2025-08-19 exchange rate.
Project Cost (USD)
$ 3.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 3
Converted using 2025-08-19 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 15, 2025

Disclosed by Bank Aug 26, 2025

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Can you contribute information about this project?
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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of a senior unsecured loan of up to EUR 3.0 million to ProCredit Bank Albania (PCBA) to be disbursed in three equal tranches (EUR 1.0 million each) under the EBRD Go Digital in WB programme. The second and third tranches will be uncommitted, and the approval will be delegated to the management.

The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible.

60% of the EBRD financing under the Go Digital Loan is classified as green finance, as it supports activities to achieve climate mitigation and climate adaptation objectives. The attribution is made in line with the methodology to determine the green finance attribution of EBRD investments.

The Programme is supported with grant funds from the EU for financing of (i) Investment Incentive payments to sub-borrowers (Non-TC) of total EUR 22.5 million and (ii) Technical Cooperation of total EUR 4.48 million.

Technical Cooperation (TC): TC includes support from Programme Consultant to SMEs in preparing relevant and bankable investment plans and to support PFIs in developing a pipeline and portfolio of eligible sub-investments, assist with the implementation, monitoring and verification of technical implementation and compliance of the investments before the incentive payments are released to the relevant SMEs. Gender has been mainstreamed at the Programme level to include a specific focus on women-led SMEs, with trainings to enhance the competitiveness and sustainability of end-beneficiaries' business operations.

Non-TC: Non-TC includes up to EUR 0.3 million for investment incentives to sub-borrowers for the implemented automation and digitalisation investments in line with the eligibility criteria specified in the Programme Policy Statement.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The EBRD categorized the project environmental and social risk as 'FI'.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, ProCredit Bank Albania (PCBA) is a small-sized SME-oriented bank in Albania with a 2.3% market share in terms of total assets and 4.0% in terms of loans as of end-3Q2024. PCBA is a development-oriented financial institution with extensive experience in fostering sustainable economic growth. The bank is widely recognised for its strong focus on supporting micro, small and medium-sized enterprises (MSMEs), promoting investments in green and energy-efficient technologies, and driving forward the digitalisation of banking services to provide transparent, modern, and efficient solutions for its clients.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Financial Intermediary - ProCredit Bank Albania (PCBA) ShA:

Blerta Selamaj
Email: blerta.selamaj@procredit-group.com 
Phone: +355689031068
Website: https://www.procreditbank.com.al/ 
Address: Dritan Hoxha Street near the "Asllan Rusi" Sports Palace Postal Code 1026 Tirana, Republic of Albania

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

How it works

How it works