The European Investment Bank (EIB), through its EIB Global
division, has partnered with Sparkasse Bank AD Skopje to support
North Macedonia’s transition to a greener financial system,
Azernews reports.
The collaboration, launched at a workshop in Skopje, is part of
the Greening Financial Systems (GFS) technical assistance program,
designed to strengthen financial institutions’ ability to finance
climate and sustainability projects. The program is funded by the
German government through the EIB’s International Climate
Initiative Fund and operates in collaboration with the NDC
Partnership.
EIB representative to North Macedonia, Björn Gabriel,
underscored the significance of the initiative in addressing
climate challenges and promoting green investments among small
businesses. Sparkasse Bank, which has invested over 115 million
euros in more than 140 green projects, views the initiative as a
key step in advancing sustainable lending. Deputy President of the
Management Board, Nina Nedanoska, noted that the partnership will
enhance the bank’s green finance efforts, benefiting both clients
and society.
In the past two years, the EIB and Sparkasse Bank have allocated
46 million euros to companies in North Macedonia, including 19
million euros under the EIB green credit line. Other banks involved
in the GFS program include NLB Bank Skopje, ProCredit Bank, and
Komercijalna Banka.
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