Macedonian Bank for Development Promotion

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Contact us:

“Veljko Vlahovic” Street,
No. 26, Skopje

Tel.: 389/02/	3 115 844
	3 109 981

Fax: 389/02/

3 239 688

E-mail: info@mbdp.com.mk

Investment credits

Commodity Credit Line by the Republic of Italy - Revolving fund

Purpose of the Revolving fund

Within the framework of the bilateral cooperation between Republic of Macedonia and Republic of Italy , Governments of two countries concluded a financial convention for approving a credit line in amount of 12.7 millions of EUR. This amount was used up by the end of 2007, and so a Revolving fund is established, out of the repaid funds from the Credit Line.

Who can apply

Potential credit end beneficiaries of the Revolving Fund are small and medium sized enterprises (SME's) registered in the Republic of Macedonia , which capital is over 51% in private ownership, and which accomplish the conditions stated by the MBDP's Credit Policy.

Purpose

The purpose of these credits is for providing working capital.

Terms and Conditions

Credit amount :

50.000 – 500.000 EUR

Interest Rate

• 7% p.a., for SMEs which have already used funds from this credit line

• 8% p.a., for new borrowers

Currency and Interest

Loan is disbursed and repaid in foreign currency, as well as the interest.

Repayment Period

Up to 3 years, depending on the amount of the credit.

Collateral

• Mortgage on property
• Pledge on movables
• Bill of exchange
• Other usual forms of collateral

Required Documents

1.	Application
2.	Copy of Decision to enter in the Trade Registry of the Republic of Macedonia
3.	Real Estate List for the property of the credit beneficiary
4.	Document: "Data for the business partner" issued by the bank participant
5.	Annual Financial Statements for the last 3 years
6.	Business plan
7.	Statement of the end beneficiary that has not applied for the same facility in another bank or financial institution

Banks participants:

Komercijalna banka ad Skopje Tel/Fax.: (2) 3107-107 / 3111-780	Tutunska banka ad Skopje Tel/Fax.: (2) 3105-600 / 3161-114
Stopanska banka ad Skopje Tel/Fax.: (2) 3115-322 / 3114-503	SPARKASSE BANK Makedonija AD SKOPJE Tel/Fax.: (2) 3200-528 / 3200-500
UNI banka ad Skopje Tel/Fax.: (2) 3286-100 / 3132-186	Izvozna i kreditna banka ad Skopje Tel/Fax.: (2) 3122-207 / 3122-344
Sileks banka ad Skopje Tel/Fax.: (2) 3115-288 / 3114-891	Eurostandard banka ad Skopje Tel/Fax.: (2) 3228-444 / 3224-085
Stopanska banka ad Bitola Tel/Fax.: (047) 33-563 / 37-048	Ohridska banka ad Ohrid Tel/Fax.: (046) 206-600 / 254-130
TTK banka ad Skopje Tel/Fax.: (2) 3236-400 / 3236-444 Tel/Fax.: (044) 335-280

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