EBRD signs EUR 30 mln risk-sharing agreement with Albania’s Union Bank
photo by Adriana Iacob/Shutterstock.com
The European Bank for Reconstruction and Development (EBRD) said on Thursday that it has signed a EUR 30 million agreement with Albania’s Union Bank to risk-share lending to local businesses.
Union Bank branch in Tirana, Albania. Photo by Adriana Iacob/Shutterstock.com
EBRD will be able to risk-share Union Bank’s corporate and small- and medium-sized enterprise loan exposures, it said in a statement.
Union Bank is the third bank in Albania to join the EBRD’s Risk Sharing Framework. The agreement will support Union Bank’s strategy to achieve sustainable growth and allow it to lend more to SMEs, both meeting the higher financing needs of its selected clients and keeping its risk-weighted assets under control, the EBRD said on November 7.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2% of GDP
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
