DBNM LOAN FOR SMES MID-CAPS AND GREEN TRANSITION

Promoter – Financial Intermediary

ACCEPTABLE BANK(S),DEVELOPMENT BANK OF NORTH MACEDONIA JSC SKOPJE

Location

• North Macedonia

Description

EUR 100 million credit line to the Development Bank of North Macedonia (DBNM) to address liquidity and investment needs of small and medium-sized enterprises (SMEs) and mid-caps in the Republic of North Macedonia. The facility targets at least 30% Climate Action and Environmental Sustainability (CA&ES) projects, with particular focus on energy efficiency interventions.

Objectives

The operation is a multi-objective credit line to the Development Bank of North Macedonia (DBNM) to provide SMEs, mid-caps and other entities in the country with affordable, long-term liquidity support to meet their working capital and investment needs. At least 30% of the EIB credit line will go towards Climate Action and Environmental Sustainability (CA&ES) investments, to help local businesses meet their green ambitions, notably on (but not limited to) Energy Efficiency interventions. A technical assistance facility will support DBNM and local intermediaries with origination efforts, implementation of CA&ES requirements and potentially development of new products, Credit and Risk Management policies and best practices.

Sector(s)

• Credit lines - Credit lines

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation and standards, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation and standards, as appropriate.

Status

Approved - 3/11/2022