Kalo & Associates has advised the European Bank for Reconstruction and Development on a partnership with Raiffeisen Bank Kosovo under the Norway Western Balkans Growth Support Program.
According to Kalo & Associates, "this regional initiative aims to enhance access to finance for small and medium-sized enterprises 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."
The Kalo & Associates team included Special Counsel Jona Bica Kacinari and Senior Associate Leonora Beka-Mehmeti.
