Promoter – Financial Intermediary

Location

• Albania
• Bosnia and Herzegovina
• Kosovo*
• Montenegro
• North Macedonia
• Serbia

Description

Programme loan dedicated to supporting local businesses who commit to generating greater socio-economic impact and sustainable growth in the Western Balkans.

Objectives

The programme loan supports small and medium-sized enterprises (SMEs) and mid-caps (including social enterprises) who commit to generating positive socio-economic impact and contribute towards strengthening economic resilience and sustainable growth in the Western Balkans. The operation aims to enhance the prospects of more resilient and inclusive growth, by creating sustainable employment opportunities and encouraging social inclusion, particularly for young people, women and socio-economic marginalised groups. An improved economic resilience in the region would make both the local and hosted communities less vulnerable to shocks and crises as well as address some of the potential drivers of immigration.

Comments

A number of financial intermediaries have already been identified for this programme loan, including some of the Bank's existing partners implementing multi-beneficiary intermediated loan (MBIL) operations as well as potential new partners. They are all reputable institutions, members of prominent European banking groups and leading banks in their respective markets, most of which with long experience in implementing intermediated SME lending, with reliable processes and procedures in place

Sector(s)

• Credit lines - Credit lines

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 58 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Approved - 15/12/2021