The FINANCIAL — A loan of up to €15 million by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank Macedonia (PCBM) will help local micro, small and medium-sized enterprises (MSMEs) in North Macedonia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of small businesses that are experiencing a decrease in their activities and turnover due to the spread of the virus. A long-standing partner of the EBRD, PCBM was founded in 2003 and today is the sixth largest bank in North Macedonia with a market share of 5.5 per cent by total assets.…
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