EBRD strengthens cooperation with Intesa Sanpaolo Bank Albania
EBRD strengthens cooperation with Intesa Sanpaolo Bank Albania By Vanora Bennett 26 Feb 2018 Extension and increase of risk sharing facility for lender The EBRD is expanding its cooperation and strengthening its support to Intesa Sanpaolo Bank Albania(ISBA) through its unfunded risk sharing facility. The product is designed to allow the EBRD to share the risk on individual projects across all sectors of the Albanian economy by guaranteeing part of ISBA's exposures. The agreement, signed at the EBRD’s Headquarters in London today on the sidelines of the third Western Balkans Investment Summit, includes an increase in the existing risk sharing facility from €10 million to €50 million and its extension by an additional three years. To date, the EBRD has risk shared on three projects with ISBA. ISBA, a fully-owned subsidiary of Italy’s…