Early Warning System

Countries

Kosovo

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

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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

Dec 17, 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

RAIFFEISEN BANK KOSOVO JSC

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Guarantee

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 28.98 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 25
Converted using 2025-11-12 exchange rate.

Project Cost (USD)

$ 57.96 million

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 4, 2025

Disclosed by Bank Nov 12, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

According to the Bank’s website, the project consists of a Portfolio Risk-Sharing (PRS) in the form of an unfunded portfolio guarantee of up to EUR25 million provided by the Bank in favour of Raiffeisen Bank Kosovo (RBKO). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise (MSME) loan portfolio of up to EUR50 million originated by RBKO.

The product aims to release RBKO's risk-taking capacity to boost on-lending to MSMEs, addressing the MSME financing gap in the market. The product will enable RBKO to extend lending by a multiple of the EBRD guarantee while focusing on MSMEs outside the capital city, in tourism, agriculture as well as youth and women-led/owned MSMEs.

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.

Categorised FI (2024 ESP). RBKO is an existing client of the EBRD. The client is currently meeting the EBRD's Environmental and Social Requirements (ESRs) 2, 4, and 9 under its existing EBRD exposures. Eligible subprojects are expected to carry low to medium environmental and social (E&S) risk.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A Portfolio Risk-Sharing (PRS) in the form of an unfunded portfolio guarantee of up to EUR25 million provided by the Bank in favour of the client. The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated loan portfolio of up to EUR50 million.

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.

Raiffeisen Bank Kosovo J.S.C. (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.

RAIFFEISEN BANK KOSOVO JSC - RBKO, a fully owned subsidiary of Raiffeisen Bank International AG, is the largest commercial bank in Kosovo and EBRD's partner financial institution (PFI) since 2019. The bank offers a comprehensive product range to Private Individuals, MSMEs, and Large Corporates and ranks first in Kosovo among 11 banks operating in the market with 19 per cent market share by total assets as of end June 2025. Headquartered in Prishtina, it has the largest network in the country with 36 branches and 927 employees as of YE 2024.

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.

Lirike Kolgeci-Lokaj
lirike.kolgeci@raiffeisen-kosovo.com
+383 49 601951
www.raiffeisen-kosovo.com
Rr. Robert Doll 99, Pristina 10000, Kosovo

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