BPB signs a guarantee agreement with the Kosovo Credit Guarantee Fund (KCGF)
Today, on December 4, 2018, at the KCGF offices, BPB signed the next agreement with KCGF. In this case, agribusinesses will benefit as part of the ‘Agro Window’ program.
The 1.5 million euro guarantee issued by the KCGF enables the bank to increase lending to agri-based enterprises in Kosovo and as a result will facilitate the access to finance for all these businesses that need loans to meet the investment needs in business expansion or working capital. Through this agreement BPB will benefit more collateral security for loans issued to these companies.
By financing these businesses, the bank will help not only growth in this sector, but also economic development in general. The development of these businesses will affect the growth of the number of employees and the creation of larger businesses which will result in the development of the region.