OTP Bank Albania becomes part of the EBRD Trade Facilitation program through a cooperation agreement signed today on May 3, 2019. The bilateral agreement was signed by the General Director of OTP Bank Albania, Mr. Bledar Shella and EBRD President Sir Suma Chakrabarti.
Businesses Corporations and small and medium enterprises (SMEs) in Albania, which are active in trade with the countries of the Western Balkans region, which support the green economy and high performance technologies and services, will benefit from this agreement through a line of up to € 10 million for Trade Finance, part of the EBRD Trade Facilitation Program.
Another agreement that was signed today is the one of 50 million euros for the sharing of financing risk between OTP Albania Bank and the EBRD. Through this program, corporate businesses and SMEs in Albania will benefit from financing opportunities, enabling OTP Bank Albania to meet the financial needs of these business segments.
At the beginning of OTP Bank entering the Albanian market, this agreement is completely in line with the goals of OTP Bank Albania to increase cooperation with any partner that enables increased lending, securing loans and businesses and favoring lending that enhances the quality of the economy. and living entirely in the country.
OTP Albania Bank is the fifth largest bank in Albania in terms of assets and ranks fourth in the country for the loan portfolio. With a continuous growth over the years, OTP Bank Albania currently has 677 million euros in assets and a network of 35 branches throughout Albania with the objective of expanding.