The Bank of Albania published remarks from Governor Gent Sejko on the launch of the “Double Your Enterprise” programme, highlighting a longer financing timeline and a higher maximum financing amount for SMEs. He said the programme combines low interest rates with a sovereign guarantee covering up to 70% of required collateral to improve access to bank finance.
The Bank of Albania published remarks by Governor Gent Sejko at the launch of Albania’s national “Double Your Enterprise” programme, where he highlighted updated support for small and medium-sized enterprises through a longer financing timeline and a higher maximum financing amount. In the discussion, financing was framed as a key driver of private investment and economic development, with SMEs presented as central to jobs and growth in Albania.
Sejko said the programme offers favorable borrowing conditions, including low interest rates and a sovereign guarantee covering up to 70% of the required collateral, aimed at improving businesses’ access to finance. He urged banks to implement the programme proactively and encouraged businesses to use it, linking the initiative to higher credit expansion for SMEs, greater diversification of banks’ portfolios and stronger entrepreneurial activity.
Bank of Albania Governor Gent Sejko highlighted longer financing terms and a higher maximum financing amount under the Double Your Enterprise program. The program offers low interest rates and a sovereign guarantee covering up to 70% of collateral, and Sejko called on banks to support its implementation.
The Bank of Albania reported on a meeting led by the Ministry of Finance to assess Albania’s Sovereign Guarantee Scheme and MSME Financing Programme, focusing on enhancing access to finance for farmers and agricultural businesses. Discussions addressed credit transmission, operational challenges, and financial stability. Governor Gent Sejko…
The Bank of Albania and the EBRD discussed potential cooperation on the central bank’s financing program for micro and small businesses, with the EBRD ready to explore implementation support. They also addressed EU regulatory alignment, deposit insurance capacity and financing for women led enterprises. Governor Gent Sejko called for continued…