Financed ProjectsNOA SME III

Identification Code:

OP/23/0013

Total Operation Cost:

7.000.000

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

NOA SME III

Countries of Operation:

Albania (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

3rd MSME Finance Facility to NOA 3rd MSME Finance Facility to NOA

Co-Financiers/Participants:

N/A

Guarantors/Sponsors:

N/A

Developmental and Regional Cooperation Impact:

The operation involves a loan for on-lending to micro, small, and medium sized enterprises (MSMEs) that is expected to have modest but favorable economic benefits for the Albanian economy. The most relevant of these is the additional tax revenue gains from increased economic activity resulting from the financing provided. In addition, the financing will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is similarly modest but positive. Other BSTDB countries are important trade partners for Albania so to the extent MSMEs benefiting from financing of the operation engage in export activities, there will be regional cooperation benefits. Additionally, given the size of the Albanian economy, MSME funding has a potentially strong development impact.

Environmental Classification and Impact (summary):

The Borrower proved to have instituted a basic environmental and social (E&S) management system commensurate with the level of risks it is exposed to. The system consists of internal policy, procedures and rules and is integrated in the general portfolio management. The internal list of excluded activities complies with the BSTDB’s E&S Exclusion List, and the Borrower reported that it is not engaged in any such activities.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org