Financed ProjectsCredins Bank

Identification Code:

OP/09/0732

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

To finance sub-loans made by the Borrower for the purpose of extending short-term pre- shipment and/or post shipment export and/or import financing to sub-borrowers in Albania, who import goods from other Member Countries of BSTDB or export goods to any country

Countries of Operation:

Albania (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Credins Bank, Albania

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

Increases regional cooperation through facilitation of trade. Improves competitiveness of Albanian products to access international markets and increases the foreign exchange earnings for the country.

Environmental Classification and Impact (summary):

In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities, Credins Bank shall follow the BSTDB's Negative List of Goods and be subject to domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. Credins Bank shall immediately notify BSTDB of occurrence of any incident or accident relating to any underlying export or import transaction of which the bank is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org