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EBRD Provides A €10 Million Loan To Sparkasse Banka Makedonija

Through the European Bank for Reconstruction and Development’s Western Balkans SME Competitiveness Support Programme the Sparkasse Banka Makedonija will receive a €10 million loan to boost lending for SMEs. 

According to the article, the loan is aimed at improving the competitiveness of local companies, with at least 60 percent of the funds aimed at reducing energy and resource use and associated costs.

SMEs significantly impact the Macedonian economy, providing 80 percent of all jobs in the country, however they still face access to finance related challenges. 

EBRD loans to boost energy efficiency and support competitiveness of Macedonian companies

The EBRD has teamed up with Macedonian bank, NLB Tutunska banka, to increase the competitiveness of the Macedonian private sector and to promote energy efficiency in the country with a €6 million financing package, according to EBRD. The EBRD will provide two loans of €3 million each to NLB Tutunska banka for on-lending to small and medium-sized enterprises (SMEs).

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