📋 Tender Overview
Project Number
50659
Company Name
TIRANA BANK SH.A.
Date SPI Disclosed
May 23, 2025
Country
Albania
Region
Europe
Projected Board Date
Jun 23, 2025
Environmental Category
FI-3 - No Impact
Status
Pending Signing
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Previous Events
Approved : Nov 11, 2004
Sector
Commercial Banking - Trade
Project Description
The project is an unfunded trade finance guarantee facility for Tirana Bank SHA (Tirana Bank or the Bank) in an aggregate amount of approximately US$5 million under IFC’s Global Trade Finance Program ( GTFP ) in the form of a trade line pursuant to which IFC would guarantee letters of credit and other trade instruments issued by the Bank to support the Bank’s trade program. The GTFP proposed investment will offer Confirming Banks partial or full guarantees covering the payment risk of the Bank in Albania for their trade-related transactions.
