📋 Tender Overview
Project ID: 56148
Status: Exploratory
Location: North Macedonia
Business Sector: Financial Institutions
Notice Type: Private
Project Description
Provision of a senior loan in the amount of up to €4 million, under the Green and Growth initiative ("G&G" or the "Initiative") to NLB Skopje ("NLB SK").
Project Objectives
The proceeds of the Loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the Green & Growth Policy Statement. At least 75% of the total proceeds will be used to finance GET-eligible investments
Transition Impact
ETI score:64
oposed G&G Loan will contribute to the Green and Inclusive TI qualities. The initiative will enhance the Green TI quality by increasing investments in GET-eligible technologies by SMEs, thereby fostering the development of a green, low-carbon economy in the Southwest and Pelagonia regions, and supporting the regions' decarbonisation efforts by facilitating the transition away from coal-powered energy production. Tailored advisory services to help businesses adapt and grow, acceleration programmes for start ups, and targeted training programs specific for up-skilling and reskilling of the affected local population, including women and youth will support Inclusive TI quality.
Client Information
NLB BANKA AD SKOPJE
NLB SK is a universal commercial bank and the 3rd largest bank on the market with a 15.9% market share by total assets, 17.9% by net loan portfolio and 17.6% by customer deposits as of YE2024.
EBRD Finance Summary
EUR 2,670,000.00
Total Project Cost
EUR 4,000,000.00
Additionality
Additionality is achieved by combining the necessary long-term financing with Technical Cooperation, targeted investment incentives and advisory services into a package that promotes green economy investments in North Macedonia.
Environmental and Social Summary
Categorised FI (ESP 2024). NLB SK is an existing client of the Bank, and its environmental and social (E&S) performance under existing exposures has been satisfactory to date. NLB revised and improved its E&S policy in 2023 and conducts climate and E&S enhanced risk assessment during the credit rating review. The NLB Group is a signatory to the UN Principles for Responsible Banking in 2020 and has adopted a carbon footprint measurement and reporting policy as well as a sustainability framework. NLB SK should maintain an environmental and social management system to assess, manage and monitor environmental and social risks and impacts associated with the sub-projects it finances. NLB SK is now required to comply with EBRD's updated Environmental and Social Requirements (ESRs) 2, 4 and 9, including the EBRD's E&S Exclusion List and continue to implement the applicable EBRD's E&S Risk Management guidance and submit Annual Environmental and Social Reports to the Bank. Sub-borrowers financed through NLB SK's lo
