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

North Macedonia plans to digitise public administration

The digitalisation of North Macedonia’s public administration will be the focus of capital investments projected in the state budget, and the benefits are yet to be felt, local media reported on ... more

Macedonian Stock Exchange introduces new corporate government code

The Macedonian Stock Exchange (MSE) introduced a new corporate government code on October 26, taking another significant step towards the adoption of European standards on local capital markets, the ... more

EIB calls for investment in innovation for climate and post-pandemic recovery at Bled Strategic Forum in Slovenia

Financing innovation is key to driving the development of low-carbon technologies, European Investment Bank (EIB) president Werner Hoyer said at the Bled Strategic Forum in Slovenia on September 2. ... more

Follow Us On

Feedly logo Follow on Feedly
Flipboard

Most Read

  1. Schengen decision looms for Bulgaria, Romania and Croatia
    6 days ago
  2. Pashinyan refuses to sign CSTO declaration after bloc's failure to help Armenia
    4 days ago
  3. Gazprom unveils its biggest investment programme in eight years as it begins to reorientate to the east
    5 days ago
  4. Swedish funds have billions of euros of investor money frozen in Russia
    4 days ago
  5. Secret Kremlin poll finds dissatisfaction with the Ukraine war rising
    5 days ago
  1. Ukraine's 63rd Brigade gears up for Kherson push
    28 days ago
  2. Erdogan unveils the Togg, first made-in-Turkey EV
    30 days ago
  3. The war’s price tag for Russia will be high
    1 month ago
  4. Ukraine’s attack on Sevastopol is a world first
    29 days ago
  5. LONG READ: Can Europe keep the lights on this winter?
    2 months ago

Reports

Dismiss