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EBRD lends up to 6 mln euro to back MSMEs in Kosovo

Nov 13, 2023, 5:06:05 PMArticle by Genta Hodo
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November 13 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it is providing up to 6 million euro ($6.4 million) to Kosovo’s Banka Per Biznes (BPB) to support on-lending to micro, small and medium-sized enterprises (MSMEs), with a focus on the agricultural and manufacturing sectors.

EBRD lends up to 6 mln euro to back MSMEs in Kosovo

A minimum of 30% of the funding will support green projects meeting the criteria of the EBRD's green economy transition approach.

The EBRD holds a 10% stake in BPB, which was established in 2001 with a primary focus on MSME lending.

BPB was the seventh largest lender in terms of assets among eleven banks operating in Kosovo during the third quarter, Kosovo banks association said earlier.

($=0.936 euro)

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