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EBRD mulls lending 2 mln euro to N. Macedonia's Sparkasse Bank in SME support

EBRD mulls lending 2 mln euro to N. Macedonia's Sparkasse Bank in SME support Photo: EBRD / All rights reserved.

SKOPJE (N. Macedonia), June 17 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering providing a long-term unsecured loan of up to 2 million euro ($2.1 million) to Sparkasse Bank Makedonija AD Skopje to help local small and medium-sized enterprises improve their competitiveness.

The funding would be on-lent to SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, the EBRD said in a project summary document.

At least 70% of the use of the proceeds is expected to be related to Green Economy Transition (GET) investments, the EBRD noted.

The loan would be provided under the EBRD's Sustainable Reboot SME Programme (Reboot SME).

($ = 0.9510 euro)

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