EBRD unlocks fresh funding for SMEs in Albania
The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support companies in Albania impacted by the coronavirus pandemic with a €10 million loan to ProCredit Bank Albania.
ProCredit Bank Albania will on-lend the funds to viable local small and medium-sized enterprises (SMEs) to help them absorb the impact of the Covid-19 crisis. Supporting SMEs, which are the backbone of Albania’s economy, will contribute to the country’s long-term economic recovery.