Additional EU-funded cashback incentive for SMEs worth 15 per cent of the loan amount.
Supporting a competitive and green economy in
Small and medium-sized enterprises (SMEs) in
The bank is extending a
The loan will improve the availability of funding for SMEs and support them in the current economic environment as they face rising costs. SMEs will be able to apply for funds to invest in an upgrade or extension of their production facilities, new equipment and operations. Enterprises will also have the opportunity to invest in achieving EU standards in the fields of environmental protection, worker safety and product quality and safety, helping them become more competitive.
Participating SMEs are eligible for a grant incentive equivalent to 15 per cent of the loan amount.
The transaction is part of the SME Competitiveness Support Programme in the Western Balkans, which is co-financed by the EU. The initiative focuses on improving the operating and product standards of small companies so that they can compete locally and in the EU market.
The Head of the EU Delegation to
Ekaterina Solovova, EBRD Head of
'Sustainability is an important element of our business strategy. We are committed to supporting and incentivising our SME clients who are willing to engage in green investment. In this way we contribute to our overall objective of promoting sustainable economic development and have a positive environmental and social impact,' explained the management of ProCredit Bank Albania
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