Kalo & Associates Advised EBRD in Transaction with Raiffeisen Bank Kosovo
Kalo & Associates Advised EBRD in Transaction with Raiffeisen Bank Kosovo
January 2025
Our member firm Kalo & Associates has advised the European Bank for Reconstruction and Development in its transaction with Raiffeisen Bank Kosovo (RBKO), the largest commercial bank in Kosovo, under the Norway Western Balkans Growth Support Program. This regional initiative aims to enhance access to finance for small and medium-sized enterprises (SMEs) through an unfunded portfolio guarantee of up to EUR 25 million. With this transaction, RBKO becomes the first EBRD partner financial intermediary in a loss risk cover arrangement under the program.
Through this partnership, EBRD will cover up to 50% of the credit risk on RBKO’s EUR 25 million loan portfolio, a game-changing financial product designed to:
- lower risk for financial institutions;
- bridge the financing gap for MSMEs in Kosovo; and
- enable RBKO to allocate excess liquidity toward new lending.
This collaboration will expand lending opportunities for SMEs, fostering economic growth and providing businesses with more favorable financing conditions.
Kalo & Associates’ team included Jona Bica Kaçinari, Special Counsel, and Leonora Beka-Mehmeti, Senior Associate.
January 2025
Our member firm Kalo & Associates has advised the European Bank for Reconstruction and Development in its transaction with Raiffeisen Bank Kosovo (RBKO), the largest commercial bank in Kosovo, under the Norway Western Balkans Growth Support Program. This regional initiative aims to enhance access to finance for small and medium-sized enterprises (SMEs) through an unfunded portfolio guarantee of up to EUR 25 million. With this transaction, RBKO becomes the first EBRD partner financial intermediary in a loss risk cover arrangement under the program.
Through this partnership, EBRD will cover up to 50% of the credit risk on RBKO’s EUR 25 million loan portfolio, a game-changing financial product designed to:
- lower risk for financial institutions;
- bridge the financing gap for MSMEs in Kosovo; and
- enable RBKO to allocate excess liquidity toward new lending.
This collaboration will expand lending opportunities for SMEs, fostering economic growth and providing businesses with more favorable financing conditions.
Kalo & Associates’ team included Jona Bica Kaçinari, Special Counsel, and Leonora Beka-Mehmeti, Senior Associate.