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ProCredit Bank Macedonia

EBRD provides €15 mln loan to ProCredit Bank Macedonia

1 min read

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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EBRD provides €15 mln loan to ProCredit Bank Macedonia

1 min read

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…