Through the support of the European Union (“EU”) under the Western Balkans Enterprise Development and Innovation Facility (“WB EDIF”) program to enhance the development of the private sector, Raiffeisen Bank (RBAL) and European Investment Fund (“EIF”) have signed a Guarantee Facility to support the Small and Medium Enterprises (“SME”) in Albania.
Within the framework of this agreement, borrowers are benefiting from more attractive credit terms than standard conditions of RBAL financing products, whereas:
- Interest Rate is reduced by at least 30 bps
- Nominal Collateral Value requirements are reduced by at least 20%
The main financing criteria include the following:
Maximum exposure - up to EUR 500,000 (or equivalent in ALL)
Currency - ALL / EUR
Tenor - from 12 months up to 120 months
Availability period - up to 1 May 2019
SME’s are encouraged to apply and benefit from these preferential terms which are made possible from the EIF support.
For additional and more detailed information regarding the eligibility criteria and application you are pleased to take contact at one of your closest RBAL Branch or contact your RBAL Account Manager.