EBRD Lending 3.5 Mln Euro to N. Macedonia's Procredit Bank for SMEs, Energy Effi...

Jan 2021
North Macedonia, January, 04 2021 - The European Bank for Reconstruction and Development (EBRD) said on Monday that it is extending two loans worth a total of 3.5 million euro ($4.3 million) to North Macedonia's Procredit Bank in support of small and medium-sized enterprises (SMEs) and energy efficiency improvements of residential buildings.

Under the first package of 2.5 million euro, Procredit Bank will lend funds to local SMEs to upgrade their production processes and equipment to EU standards, in particular concerning  product quality and safety, health and safety measures and environmental preservation, the EBRD said in a statement.

The loan is extended within the Western Balkans SME Competitiveness Support Programme with the support by the EU, which is providing incentive payments and technical assistance. 

The second loan, which amounts to 1 million euro, is provided to support investments in green materials, equipment and technologies for privately-owned residential buildings. 

This loan is extended under the Green Economy Financing Facility (GEFF), which is supported by the EU, the Western Balkans Investment Framework and Austria's finance ministry.

Source : SeeNews

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More