EBRD Supports Businesses In North Macedonia Following Coronavirus Crisis

The European Bank for Reconstruction and Development (EBRD) is providing a €20 million loan to Sparkasse Bank Makedonija for on-lending to local private businesses and corporates affected by the economic impact of the Covid-19 pandemic.

Gligor Bishev, CEO of Sparkasse Bank Makedonija, stated: “Sparkasse Bank Makedonija is guided by the principles of socially responsible operations as part of the Steiermaerkische Sparkasse Group and in accordance with the measures adopted by the Ministry of Finance and the Government of the Republic of North Macedonia, has developed measures and solutions to support long-term viable businesses that today are negatively affected by the Covid-19 pandemic. We will continue through our partnership and support from the EBRD to work together with our clients in order to make the greatest possible contribution to minimising the negative effects of the coronavirus in our country.”

The EBRD is a major institutional investor in North Macedonia. To date, it has invested more than €2 billion in 133 projects in the country.

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