Mission and Strategic Goal of MBDP

      Macedonian Bank for Development Promotion was established in November 1998, with the Law on establishing of MBDP (>> Law on establishing of MBDP), as a Bank that needs to contribute in the achievement of the development politics of the Republic of Macedonia, through providing finance for export oriented production and export of small and medium enterprises (SME), financing of investments for development of small and medium enterprises, as well as providing insurance for export claims of the SMEs.

      Macedonian Bank for Development Promotion acts as an Agent for providing short-term export insurance against commercial risk (bankruptcy of the foreign buyer or protracted default for more than 90 days).

      MBDP operates in accordance with the banking operation principles, under the supervision of the National Bank of the Republic of Macedonia. The Bank is responsible for its liabilities with the total of its assets, i.e. does not burden the budget of the Republic of Macedonia.

      MBDP is a joint stock company, fully owned by the Republic of Macedonia . Other legal entities may have share in the shareholding capital. The share of the foreign legal entities can not be more than 30%, and the share of the state capital can not be less than 51%.

      The financial products of the Bank are offered at market terms, performed through the commercial banks in the Republic of Macedonia.