MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe Makes Investments Totaling $17m in Banka Kombetare Tregtare of Albania

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV), has announced to MicroCapital that it made two debt investments in Banka Kombetare Tregtare (BKT) ShA (Joint Stock Company), a private commercial bank in Albania, in September 2010. The first loan was in the amount of USD 17.7 million and the second loan totaled USD 9.5 million. As of 2009, BKT has USD 1.3 billion in assets, a gross loan portfolio of USD 494 million, a return on equity of 13 percent and 68 branch offices in Albania and Kosovo.

About the European Fund for Southeast Europe (EFSE): Established in 2005, the European Fund for Southeastern Europe aims to foster economic development in southeastern Europe by providing financial services to low-income households and micro- and small enterprises via local financial institutions. Its sole fund adviser is Finance in Motion. As of December 31, 2009, EFSE has an outstanding investment portfolio of EUR 578 million (USD 775 million). LuxFLAG, an independent organization that certifies that microfinance vehicles actually invest in the microfinance sector, renewed EFSE’s label as of April 2010.

About Banka Kombetare Tregtare (BKT): Banka Kombetre Tregtare is a private commercial bank established in 1993 in Albania through the merging of the Albanian Commercial Bank (ACB) and the National Bank of Albania (NBA). BKT was then established as a Joint Stock Company in July 1997 having reached ALL 2.7 billion (USD 27.3 million) in assets. As of 2009, BKT has USD 1.3 billion in assets, a gross loan portfolio of USD 494 million, a return on equity of 13 percent and 68 branch offices in Albania and Kosovo.

By Diana Baide, Research Assistant

[1] Data submitted by the European Fund for Southeast Europe to MicroCapital in October 2010

MicroCapital’s Microfinance Universe profile: European Fund for Southeast Europe

https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Fund+for+Southeast+Europe+(EFSE)

MicroCapital’s Microfinance Universe profile: Banka Kombetare Tregtare

https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Banka+Kombetare+Tregtare+(BKT)

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