OTP Bank Albania, EBRD and AATSF continue their partnership to empower small and medium-sized tourism and agriculture businesses in Albania.
In December 2021, OTP Bank Albania joined forces with EBRD in its aim to support Albanian tourism and small and medium businesses through AATSF (Albanian Agribusiness and Tourism Support).
In our projects to support sustainable, ethical and environmentally friendly practices, our partnership with AATSF enables us to provide financial access to a wide range of small and medium-sized businesses for the agriculture and tourism sector. Support is provided in the form of lending and portfolio risk distribution, benefiting from an advance risk coverage provided by the Albanian Government.
Businesses benefit from a wide range of investments, such as physical assets for agriculture, processing, and trading of agricultural and fishing products, as well as essential financing for business growth. Among many services, like 50% collateral (only for agribusinesses) against the loan value and coverage of the risk from the lack of collateral, any eligible business can receive a credit grant of 10% of the financing amount.
Throughout our collaboration, we have provided funds to a large number of small and medium-sized businesses, mainly in the hospitality and tourism sector. These businesses have been able to increase their capital and expand their range of services, positively impacting the quality of tourism in the country.
As part of the OTP Group, we share a common vision for sustainable and continuous development. Additionally, one of our strengths is cultivating partnerships that add value to the community where we operate, thus embracing fruitful collaborations like this one with EBRD and AATSF.