Summary of Proposed Investment
Project Number
25550
Company Name
BANKA KOMBETARE TREGTARE SH.A.
Date SPI Disclosed
Jan 12, 2007
Country
Albania
Industry
Financial Markets
Projected Board Date
Feb 16, 2007
Status
Completed
Sector
Primary Mortgage Institutions
Department
Global Industry, Financial Markets
Environmental Category
C - No Impact
Project Description
The proposed transaction consists of:
- a mortgage loan facility of up to EUR50 million to a group of pre-selected domestic commercial banks (the Banks) in Albania, including Banka Kombetare Tregetare (BKT) for up to EUR20 million and Banka Popullore (BP) for up to EUR10 million;
- a capacity building and technical assistance program to focus on supporting the mortgage lending activities of the Banks; and
- an advisory program on improving specific aspects of the regulatory framework for the housing sector in Albania, which will be designed in close consultation with the Albanian authorities.
The purpose of this the Facility is to provide the much needed long term funding to the mortgage market in Albania, to support the Banks’ growth strategies and reduce the systemic risks that arise from a mismatching between assets and liabilities. Consistent with the purpose of the transaction, the facility will have a maturity of up to 15 years, including a two year grace period for the repayment of principal.
- a mortgage loan facility of up to EUR50 million to a group of pre-selected domestic commercial banks (the Banks) in Albania, including Banka Kombetare Tregetare (BKT) for up to EUR20 million and Banka Popullore (BP) for up to EUR10 million;
- a capacity building and technical assistance program to focus on supporting the mortgage lending activities of the Banks; and
- an advisory program on improving specific aspects of the regulatory framework for the housing sector in Albania, which will be designed in close consultation with the Albanian authorities.
The purpose of this the Facility is to provide the much needed long term funding to the mortgage market in Albania, to support the Banks’ growth strategies and reduce the systemic risks that arise from a mismatching between assets and liabilities. Consistent with the purpose of the transaction, the facility will have a maturity of up to 15 years, including a two year grace period for the repayment of principal.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
For Banka Kombetare Tregetare:
Seyhan Pencapligil, CEO
Telephone: +355 4 250 955
Fax: +355 4 250 954
For Banka Popullore:
Edwin Libohova, General Manager
Telephone: +355 4 272788
Seyhan Pencapligil, CEO
Telephone: +355 4 250 955
Fax: +355 4 250 954
For Banka Popullore:
Edwin Libohova, General Manager
Telephone: +355 4 272788
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster