MICROCAPITAL BRIEF: EBRD Loans $6m to OTP Bank Albania to On-lend to SMEs, EU Offers Premiums for Hitting Goals

Országos Takarék Pénztár (OTP) Bank Albania, a member of the Hungary-based OTP Bank Group, recently borrowed EUR 5 million (USD 6.1 million) from the UK-based European Bank for Reconstruction and Development (EBRD) to support small and medium-sized enterprises (SMEs) in Albania in responding to the COVID-19 pandemic by upgrading