CEB boosts SME financing in Albania

Region:

Europe

The Council of Europe Development Bank (CEB) has approved a €15 million loan to ProCredit Bank Albania to provide small and medium-sized enterprises with access to long-term financing.

The CEB loan to ProCredit Bank Albania will fund SME investments and working capital - therefore contributing to mitigating the further deterioration of the labour market because of COVID-19. Some 100 projects are expected to benefit from the financing, particularly in the trade and manufacturing sectors.

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