EBRD provides up to €2mn to Procredit Bank Macedonia for green energy transition projects

By bne IntelliNews August 10, 2021

The European Bank for Reconstruction and Development (EBRD) said on August 9 it is providing a senior unsecured loan of up to €2mn to Procredit Bank Macedonia (PCBM) for on-lending to residential sector for green energy transition

Procredit Bank Macedonia is the 6th largest bank in North Macedonia, with assets of €577mn and a market share of 6% by total assets, 7.6% by net loans and 5.7% by customer deposits.

The loan will be given under the Western Balkans GEFF II Programme. It is envisaged to provide financing for on-lending to individuals, housing collectives, producers, vendors of green technologies, and service providers for investments supporting Green Economy Transition in North Macedonia, the EBRD said.

The project will contribute towards building a more competitive financial sector by building the capacity of the Private Finance Initiative (PFIs) for financing green economy projects. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

List of most profitable Uzbek banks unveiled

Uzbek media outlet Spot has compiled a list of Uzbekistan's domestic banks in terms of their profitability following the release of 3Q results. Its analysis showed that almost all of the financial ... more

Turkish agri-fintech Tarfin sells TRY50mn of 310-day bills

Tarfin, a digital platform that provides Turkish farmers with inputs and credits, has sold Turkish lira (TRY) 50mn ... more

Robo.cash sees loan volumes in Kazakhstan grow 29% q/q in Q3

European peer-to-peer lending platform Robo.cash has said that its Kazakhstan originator saw loan volumes grow 29% q/q in the third quarter of 2021, Peer2Peer Finance News ... more

Follow Us On

Feedly logo Follow on Feedly
Flipboard

Most Read

  1. Death of China-to-Russia cargo transit routes means it’s all aboard for Kazakhstan
    6 days ago
  2. Serbians turn against EU accession, pick Putin as favourite world leader
    1 day ago
  3. As Turkey gets Biden backing for F-16s, Greece steals Erdogan thunder by moving for F-35s
    1 day ago
  4. Ukraine has been clear that it needs more weapons from the West. So, what’s the holdup?
    7 days ago
  5. Nato agrees 'fundamental shift' to counter Russia
    2 days ago
  1. Death of China-to-Russia cargo transit routes means it’s all aboard for Kazakhstan
    6 days ago
  2. Putin lashes out at the West during his SPIEF keynote and prepares Russians for a long fight
    13 days ago
  3. Serbians turn against EU accession, pick Putin as favourite world leader
    1 day ago
  4. Lithuania braces for Russian retaliation over Kaliningrad sanctions
    8 days ago
  5. DON: Russia may not be fighting for ground but for a psychological tipping point in the Donbas
    19 days ago

Reports

Dismiss