This will allow Raiffeisen Bank Albania to increase its lending to firms of all sizes, with an unspecified portion to be directed to small and medium-sized enterprises (SMEs). Another aim of the agreement is to help Raiffeisen Bank Albania boost its “portfolio’s risk management, risk diversification and capacity to manage more sophisticated risk profiles.”
Raiffeisen Bank Albania is a subsidiary of Austria-based Raiffeisen Bank International (RBI), which is active in 28 countries in Europe and Asia. Raiffeisen Bank Albania supports the country’s agribusiness sector as a partner of the Albanian Agribusiness Support Facility (AASF), which was founded by EBRD and the Albanian government in 2016. As of June 2020, RBI reports total assets of EUR 164 billion (USD 194 billion), 0.72 percent return on assets before tax and 8.4 percent return on equity before tax.
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