OTP Bank Albania, one of the four banks participating in the €110 million syndicated loan, has confirmed its significant role as the second-largest bank by the value contributed in this financing. The bank contributed €35 million to support the strategic investment by Ayen AS Energji SHA for constructing three major hydropower plants in Albania. Along OTP Bank Albania, this financing also included Raiffeisen Bank as the syndicate’s lead bank, Intesa Sanpaolo Bank, and Tirana Bank.
This initiative aligns with OTP Group’s commitment in supporting a sustainable transition in the Central and Eastern European (CEE) countries where it operates, aiming for investments in projects that improve energy efficiency and help reduce carbon footprint. By building a broad portfolio of clean and renewable energy projects, OTP Bank Albania strengthens its commitment to financing in line with ESG principles, with the goal of further expanding investments in the photovoltaic energy sector.
“The participation of OTP Bank Albania in the syndicated loan for financing Ayen sh.a.’s hydropower plants, in the amount of €35 million, confirms our bank’s interest in clean energy projects and highlights our financing capacities,” stated Mr. Ferid Shijaku, Manager of the Business Banking Division and Member of the Management Board at OTP Bank Albania.
“We have built a significant portfolio in hydropower financing and continue to support projects that adhere to energy-saving standards, including buildings such as hotels, residences, and commercial units.”
This agreement marks another important step towards OTP Bank Albania and OTP Group’s strategic goal of supporting projects that contribute to sustainable development and strengthen the renewable energy sector in Albania.
