EUR 5 mio
Region: Eastern Europe & CIS
Financial instrument: Direct Investments
Financial intermediary: Credins Bank
It has also made the most of its local roots, gaining popular reputation as the fully local bank that “speaks your language.” Credins caters mostly to the needs of small corporate clients in Albania, and also offers lending and deposits to SMEs and its retail clientele. It has set up a separate SME and retail lending unit in 2007 and lends to businesses with 5-80 staff.
SIFEM's total commitment to Credins stands at EUR 5.0 million of equity and convertible debt. SIFEM's investment into Credins is a co-investment alongside the Balkan Financial Sector Equity Fund.