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
European Union increases humanitarian aid to Syria to €202mn
The European Union announced on May 27 an increase in humanitarian aid to Syria to more than €202mn for this year, SANA reported. The additional funding will ... more
Profit of Russian SovcomBank down 50% in 1Q25
Publicly listed Russian Sovcombank posted a 50% year-on-year decline in IFRS net profit to RUB12.5bn ($172.8mn) for 1Q25, as monetary tightening and a stronger ruble weighed on core banking ... more
Russian Bank Saint Petersburg ups profit 19% in 1Q25
Top dividend payer in the Russian banking sector Bank Saint Petersburg posted a 19% year-on-year increase in net IFRS profit to RUB15.5bn ($214.3mn) for 1Q25, supported by a robust net interest ... more