The European Bank for Reconstruction and Development (EBRD) has announced a financial boost for Albania’s financial sector, with a package of up to €10 million ($11.6 million) for Tirana Bank to expand its business operations.
This collaboration represents the EBRD’s inaugural partnership with Tirana Bank, focusing on green financing and trade finance services to support local businesses and stimulate regional trade.
The financial package includes a senior loan of €5 million to the bank under the SME Restart Program to support green investments in Albanian micro, small and medium-sized enterprises (MSMEs).
Local MSMEs will be eligible to receive a refund of up to 10% of the loan amount to make these green investments more accessible.
This grant incentive is supported by contributions from Norway, Luxembourg, Switzerland and the US through the EBRD Small Business Impact Fund, with additional support from Denmark.
In addition, Tirana Bank will receive up to €5 million under the EBRD’s Trade Facilitation Program (TFP) to support trade between countries where the EBRD operates.
It includes guarantee provisions for international confirming banks, mitigating the risks associated with Tirana Bank transactions.
The PTF will also provide short-term loans to facilitate various stages of foreign trade transactions.
EBRD Managing Director for Central and South-Eastern Europe Charlotte Ruhe said: “This collaboration is important to foster sustainable growth, improve regional competitiveness and help local businesses align with international standards.
“By combining financial tools with technical assistance, we are opening new opportunities for innovation and resilience in Albania’s private sector.”
Tirana Bank has a history dating back to 1996, when it was established as the first private bank in Albania, offering financial services to both individual and corporate clients.
The EBRD has been active in Albania for more than three decades, with investments exceeding €2.3 billion across multiple sectors.
In July 2025, PBZ Leasing secured a €25 million loan agreement with the EBRD aimed at improving leasing options for Croatian MSMEs.
“EBRD grants €10 million to improve Tirana Bank’s trade finance services” was originally created and published by Leasing Life, a brand owned by GlobalData.
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