IFC, Canada provide EUR 10mn funding to Albanias Credins Bank.

By bne IntelliNews March 13, 2013
The World Banks investment arm, the International Finance Corporation (IFC), and the Government of Canada have agreed to provide EUR 10mn funding to Albanian Credins Bank to help the bank expand financing of renewable energy and energy efficiency projects, the IFC said in a statement. The funding includes EUR 1mn from the IFC-Canada Climate Change Program. The IFC will also provide advisory support to Credins Bank through the Balkans Renewable Energy program. Credins, which was the first privately-owned bank in Albania, ranked as the fifth largest lender in terms of assets as of end-2012, according to the latest data of the Albanian Association of Banks.

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