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EBRD extends 5 mln euro loan for Kosovo SMEs

Jul 10, 2024, 1:13:19 PMArticle by Genta Hodo
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July 10 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Wednesday it has extended a loan of up to 5 million euro ($5.41 million) to Raiffeisen Leasing Kosovo for on-lending to small and medium-sized enterprises (SMEs).

EBRD extends 5 mln euro loan for Kosovo SMEs
Photo: Raiffeisen Bank Kosovo

Financing is set to support investments to improve working standards and processes, as well as the integration of green technologies, the EBRD said in a press release. Local SMEs will also benefit from grant incentives worth up to 15% of the loan amount.

The credit line falls under EBRD’s Sustainable Reboot SME Programme, which aims to help Kosovo SMEs recover from recent macroeconomic challenges.

Established in 2008 by the Kosovan unit of Austria's Raiffeisen Bank Group, Raiffeisen Leasing Kosovo provides lease financing to small businesses and private individuals. A long-standing EBRD client, it is a market leader with around 70% market share.

($ = 0.924 euro)

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