DBNM, 02.12.2020 - On its 25th session yesterday, the Government adopted a decision to propose for adoption by the Parliament a Draft Law on modifications and amendments to the Law on Macedonian Bank for Development Promotion. The Draft Law outlines the state guarantee scheme as part of the economic measures for dealing with the effects of the COVID-19 pandemic.

The legal solution proposes amendment of the Development Bank of North Macedonia activities in order to implement projects and/or programmes of the Government by issuing guarantees from a Guarantee Fund. Funds in the amount of EUR 10 million from the Budget are initially provided for the Guarantee Fund.

The funds of the Guarantee Fund, as stipulated in the draft Law, will be used for issuing guarantees for securing payments on the basis of the principal amount of newly approved loans for working capital up to 80% of the loan amount, and loans for fixed assets up to 50% of the loan amount, in accordance with the good practices in European countries. Final Beneficiaries of the guarantees are micro, small and medium commercial entities, as well as large export-oriented companies which export income have a share of at least 30% of the total revenues in the previous fiscal year.

The Development Bank will announce information related to the operation of the Guarantee Fund on its website on a quarterly basis, whereas the Ministry of Finance will announce semiannual reports for the fiscal risks of the Guarantee Fund on its website.

The draft legal solution was submitted to ENER (National Electronic Regulations Registry of the Republic of North Macedonia) for public discussion before entering into government procedure. The adoption of the draft Law by the Parliament will create the legal framework for starting the state guarantee scheme.

DBNM, 14.04.2020 - The Government of the Republic of North Macedonia at its session held on April 18, 2020 adopted a decision that the Development Bank of North Macedonia JSC Skopje will be able to open a new, second interest-free credit line - "COVID2."

The Development Bank will publish a PUBLIC CALL during the next week and will inform the media about it, so the information reaches the wider audience

Stay in good health!

DBNM, 04.04.2020

In regard with the Public Call no. 1 published by the DEVELOPMENT BANK OF NORTH MACEDONIA JSC SKOPJE on 25.03.2020, we would like to inform you that the List of activities of NCA which are eligible for the credit line has been extended with the following activities:

Group    S e c t i o n
 49.31  Urban and suburban passenger land transport
 49.39  Other passenger land transport n.e.c.
 50.3  Inland passenger water transport

Also, please note that when evaluating the submitted applications after the Public Call No. 1, the following approval criterion will not apply:
• current liquidity indicator should be at least 0.9, and is calculated as a ratio between current assets and short-term liabilities. The indicator is calculated on a balance sheet basis from the last fiscal year.

DBNM, 31.03.2020 

Dear All,

In accordance with the measures that the Government of the Republic of North Macedonia is taking for mitigating the negative effects on the economy, we inform you that:

1. The second interest-free credit line "COVID2" in the amount of EUR 8 million, which is intended for micro, small and medium-sized enterprises in the most affected sectors, is under preparation.
You will be promptly and publicly informed of all details of this credit line and of the announcement of the public call.

2. SMEs will also have the opportunity through commercial banks to apply for 50 million favourable loans from the European Investment Bank to provide fresh capital to support new projects, new jobs, increased liquidity of the economy and increased exports.
You will also be promptly informed of any details about this credit line.


                                  Development Bank of North Macedonia JSC Skopje

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