16 June 2017

KCGF Signed the Agreement for Increase of Guarantee Limit with BPB

KCGF Signed the Agreement for Increase of Guarantee Limit with BPB

 

Pristina, Jun. 16, 2017 - The Kosovo Credit Guarantee Fund (FKGK), today, signed an increase of guaranteed limit with Banka për Biznes (BPB).

The BPB is one of the first Banks that has signed the Guarantee Agreement with FKGK and has utilized the total allocated limit. The usage of the facility provided by FKGK has enabled the Bank to obtain additional collateral security for loans issued to viable micro, small, and medium enterprises (MSMEs) that might not have been quite qualified without the guarantee to receive a loan, hence providing easier access to finance for Kosovar companies.

The agreement for new limit aims to further increase lending for Kosovar businesses, contribute to the job creation, economic growth, as well as enhance opportunities for underserved economic sectors and populations including women, minorities, farmers, entrepreneurs, and youth.

We believe that the limit increase for the BPB will boost further the contribution of the Bank toward the guarantee portfolio development and the achievement of the agreement aims.

Total amount of approved loans by the Banks that were submitted under guarantee coverage reached already around EUR 13 million distributed in 300 loans.

The signing ceremony took place at the FKGK offices located at Anton Cetta Str. 5A in Pristina.