Financed ProjectsCredins Bank

Identification Code:

OP/25/0022

Total Operation Cost:

10.000.000

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

Credins Bank

Countries of Operation:

Albania (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

MREL Eligible Loan to Credins Bank S.A.

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The end recipient firms of the Bank’s financing under this facility are not known ex-ante, but it may be reasonably guessed that the facility will have at least a modest but positive impact upon regional cooperation. In the worst case, there would be zero cooperation if funds from the facility were used exclusively by SMEs operating in the domestic market. Therefore, it is reasonable to surmise that some of the proceeds of the loan will contribute to greater intra-regional trade.

Environmental Classification and Impact (summary):

The initial review of information provided by the Credins Bank indicates that it has adopted and implemented E&S policies and procedures that are integrated into its lending procedures. The dedicated section in the lending process focuses on analyses of E&S issues to ensure compliance with the local E&S legislation and own E&S requirements. Overall, the Bank shows committed to financing projects that respect E&S standards.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org