The European Bank for Reconstruction and Development (EBRD) said on May 6 it approved a loan of up to €3mn to Sparkasse Bank Makedonija to support investments in green technologies.
The loan will be provided under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The loan was approved on May 4.
“The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings,” the EBRD said in a statement.
The project will contribute towards building a green economy by facilitating the expansion of lending for investments into high performance residential green economy technologies.
Sparkasse Bank Makedonija is the seventh largest bank in the country, with a 4% market share in terms of total assets. It is fully-owned by Austria’s Steiermarkische Bank und Sparkassen, which recently acquired North Macedonia's Ohridska Banka from the French group Societe Generale.
Sparkasse Bank Makedonija and Ohridska Banka will merge in July 2021, after which the new bank will be the fourth largest in the local market with a 12% market share.
Related Articles
EBRD extends €100mn in risk-sharing support to two Ukrainian banks
The European Bank for Reconstruction and Development (EBRD) has signed portfolio risk-sharing facilities with two Ukrainian banks, UKRSIBBANK BNP Paribas Group and ProCredit Bank Ukraine (PCBU). The ... more
Austria’s RBI ups profit in Russia in 1Q25
Austria's Raiffeisen Bank International (RBI) increased its pre-tax profit in Russia in 1Q25 by over 25% year on year to €575mn ($651mn) due to the stronger ruble, Reuters reports. In ... more
Erste Group buys 49% of Santander’s Polish unit for €6.8bn
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more
Most Read
-
Armenia courts African countries to supply diamond industry
17 days ago
-
Russia’s Alrosa finds its largest diamond ever, as Mirny mining operations restart
1 day ago
-
COMMENT: Embracing “Greater Central Asia” has become a strategic imperative for US
12 days ago
-
From blood diamonds to critical minerals: Sierra Leone’s mining transformation
18 days ago